Mumbai: The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) lost 65 points or 0.33 per cent to close the week at 19,386.82 points amid Infosys disappointing results rising inflation. (Agencies)
At the National Stock Exchange (NSE), the broader 50-share S& CNX Nifty also ended the week on a lacklustre note, closing almost unchanged at 5,842.55 points Friday.
Broader markets ended with moderate gains. The BSE midcap index closed 0.5 per cent higher, while the BSE smallcap index moved up 0.41 per cent.
The Infosys stock fell drastically Friday breaking its lower circuit barrier after the company reported a dip in earnings before interest, tax for the fourth quarter of 2010-11 on a sequential basis, and two of its senior executives -- Mohandas Pai and K Dinesh -- said they were quitting the firm amid rumours of dissent at the top.
Also inflation data released Friday showed a rise, with the index at 8.98 per cent in March from 8.31 per cent the month before, way above the target of 8 per cent set by the Reserve Bank of India.
Major gainers on the Sensex for the week were: Hero Honda, up 8.6 per cent at Rs.1,830.85; ITC, up 4.6 per cent at Rs.191.40; Bharti Airtel, up 3.9 per cent at Rs.372.15 and L&T, up 3.2 per cent at Rs.1,727.70.
Major losers included DLF, down 9.4 per cent at Rs.245.05; Infosys, down 7.9 per cent at Rs.2,988.80; Jindal Steel, down 4.9 per cent at Rs.672.95 and Wipro, down 4.9 per cent at Rs.449.60.
Among other global bourses, Asian markets too ended the week in losses as fears of another rate hike by the Chinese central bank to contain inflation gained strength.
For the week, the Japanese Nikkei average closed 1.81 per cent lower at 9,591.52 points, while Hong Kong's Hang Seng shed 1.59 per cent to 24,008.07 points.
However, China's Shanghai Composite moved down 0.68 per cent at 3,050.53 points Friday.
US markets, which were depressed earlier in the week because of lower than expected corporate earnings closed Friday on a high. But on a weekly basis they still ended marginally in the red.
The US Dow Jones Industrial Average ended the week 0.31 per cent lower at 12,341.83 points.
The S&P 500 closed 0.64 per cent lower at 1,319.68 points, while the technology heavy Nasdaq ended 0.57 per cent lower at 2,764.65 points.
Mumbai: The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) lost 65 points or 0.33 per cent to close the week at 19,386.82 points amid Infosys disappointing results rising inflation.