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Indian shares were a tad lower on Friday despite U.S. inflation data coming in below estimates. <\/p>\n
India’s retail inflation data is due later in the day, with economists expecting the consumer price index (CPI) inflation to have risen above the 6 percent-mark on high vegetable prices in July.<\/p>\n
The benchmark S&P BSE Sensex was down 178 points, or 0.3 percent, at 65,510 in early trade while the broader NSE Nifty index was down 52 points, or 0.3 percent, at 19,490.<\/p>\n
FMCG, metal and bank shares traded lower, with Hindustan Unilever, ICICI Bank, JSW Steel and Hindalco falling around 1 percent. <\/p>\n
LIC jumped over 3 percent after reporting a multi-fold rise in Q1 profit.
Grasim Industries fell about 1 percent after quarterly profit slumped 56 percent year-on-year. <\/p>\n
Hero MotoCorp was down 1 percent despite reporting a 32 percent rise in Q1 net profit. <\/p>\n
Biocon lost 2.2 percent after Q1 profit declined 30 percent from last year. <\/p>\n
Cipla dropped half a percent after private equity firm Blackstone along with limited partners reportedly submitted a non-binding bid to acquire control in the company. <\/p>\n
Godrej Consumer Products was down 0.6 percent. The company has unveiled plans to invest Rs. 515 crore to set up a new manufacturing plant in Tamil Nadu. <\/p>\n
Page Industries declined 1 percent on reporting a 23 percent fall in quarterly profit. <\/p>\n<\/p>\n<\/div>\n