Equity benchmark indices BSE Sensex and NSE Nifty along with bond and bond, forex, and commodity markets will remain shut for Friday on account of Good Friday Holiday.
Indian equity markets traded with a negative bias throughout the day as across the board profit booking was seen in major sectoral indices.
Nifty Bank index underperformed the benchmark index by 0.7% on account of long unwinding seen in major heavyweights like ICICI Bank, Axis Bank and Kotak Bank.
Ahead of its earnings, Reliance Industries gained ~3% in trade backed by heavy addition of long positions. Market breadth ended in the favour of the declines with advance/decline ratio closing at 2:5x.
Nifty & Bank Nifty futures added fresh open interest to the tune of ~4% and 2%, respectively, as the underlying price headed lower.
Meanwhile, Reliance’s revenue
grew by 17.9% yoy Rs1,41,634cr. EBITDA came in at Rs20,832cr, up 12.8% yoy. EBITDA margin contracted by 67bps yoy to 14.71%. Adjusted PAT came at Rs10,362cr, up 9.8% yoy. EBITDA and Adjusted PAT came above estimates of Rs19,757cr and Rs9,796cr, respectively.