Infosys may have dampened sentiments after it lowered its full-year revenue guidance on Friday, leading to the stock hitting a new 52-week low but that did not affect select stocks that gained sharply on the Bombay Stock Exchange (BSE). These included L&T Finance Holdings (up 7.41 percent), Dewan Housing Finance (up 5.82 percent), Petronet LNG (up 5.34 percent) and Voltas (up 4.64 percent).
Some of these stocks also hit a new 52-week high on Friday.
Benchmark indices ended the day with minor gains of around 0.10 percent, with the BSE Sensex closing at 27,673 and the NSE Nifty at 8,583.
The highlight of the day was the September quarter results of Infosys, India's second-largest IT software services exporter. The company reported growth both in net profit and revenues but dampened with its second downward revision of revenue guidance for the current fiscal, to 8-9 percent from 10.5-12 percent given while announcing June quarter results.
Read: Here is what Vishal Sikka, Pravin Rao, MD Ranganath said after Sept quarter results
The stock closed 1.02 percent down at Rs. 1,041.30 on the BSE but not before hitting a new 52-week low of Rs. 996.15 during intraday trading. In addition to Infosys, other stocks that hit a new 52-week low included Idea Cellular and Hexaware Technologies.
SpiceJet ended 3.85 percent higher at Rs. 60.65 on news of stock upgrade.
ICICI Prudential Life Insurance closed with gains of 2.53 percent at Rs. 325.65, much below the issue price of Rs. 334 per share.
ICICI Bank ended flat at Rs. 241.85. In a regulatory filing, the private sector lender that it will be declaring its September quarter results on November 7.
SBI shares gained 0.88 percent to end at Rs. 251.90.
Foreign institutional investors (FIIs) were net sellers of Indian equities worth Rs. 911 crore on Thursday, the day the benchmark indices lost about 1.50 percent on buzz that the US Federal Reserve could raise interest rates by December this year.
Among sectoral indices, the BSE IPO index closed 1.50 percent higher while the realty index rose 0.79 percent.
