Domestic equity benchmarks took a beating on Friday, taking their losses to a second straight session, amid weakness in financial and FMCG shares. Investors awaited more corporate earnings from India Inc for domestic cues, a day after Axis Bank reported a weak set of results. On the other hand, Wipro reported what most analysts found to be the IT sector’s best performance so far in the ongoing earnings season. Read on to learn about the July 18 session in detail.
Both headline indices continued to fall for the second trading session in a row. | Representational image | Image credit: Pexels