Most of the large mid-caps share similar business model as the large-caps and have more of less similar set of clients.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
If government statistics are at variance with private data flow, chances are high that the latter presents a picture closer to reality.
Only six sectors are likely to report good set of numbers in Q4 FY15.
SBI's net profit for the quarter rose 30.3% to Rs 2,910 crore ($468.4 million), from Rs 2,234 crore a year earlier on the back of rise in net interest income, fees, and control on employee costs.
Continued outflows amid moderation of domestic investments are a concern
SBI, LIC and HDFC, have showed double digit growth.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
The FY13 fourth quarter (Q4) earnings, however, fell short of analysts' expectation, as debt was still high at Rs 21,730 crore (Rs 217.3 billion), with much of the targeted non-core sales done.
The 30-share Sensex ended down 261 points at 27,177 and the 50-share Nifty ended down 91 points at 8,214.
Infosys is on a growth path post a dull Q4.
Strong passenger growth will help domestic airlines improve their top line and margins.
It is pegged at 6.8-8% by various economists, as compared to 6.7%.
Wipro Ltd, India's third-biggest software services exporter, posted about an 8 per cent rise in quarterly profit as clients in North America and Europe spent more on technology.
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
According to the QNB Group report, the growth in emerging markets -- from Brazil to Indonesia, Russia and South Africa -- is slowing down, partly reflecting the tightening of domestic policies by these countries last year to stabilise foreign exchange rates.
China's economy grew 6.7 percent in the second quarter from a year earlier.
Unlike previous Paris auto shows, where new diesel models took centerstage, much of the buzz this year centred around hybrids and electric vehicles.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
Sensex closed over 118 points down on Thursday.
The company's net profit went up 27% in December quarter, sequentially better than peers; core IT services up 33%..
The Bank of Japan's action has nullified the effects of the end of the US' quantitative easing programme but the dependence of foreign institutional investors remains a concern
It would be a miracle indeed if we grow at 7/8 per cent a year over the current and next few years, says A V Rajwade
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
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U B Pravin Rao explains how the company is executing the strategy.
The 30-share Sensex ended down 215 points at 27,011.
