US industrial conglomerate General Electric Co reported a 28 percent drop in quarterly profit on Friday, as weakness in its power and renewables businesses offset gains in its aviation, oil and gas and healthcare units.
Sensex ended lower by 22.21 points at 36,351.23, while the NSE Nifty shed 23.35 points to 10,957.10.
UnitedHealth Group Inc posted a second-quarter profit that beat Wall Street estimates as it added more members to its health plans, and the company raised its full-year earnings forecast.
Deutsche Bank expects to report second-quarter pretax profit of about 700 million euros ($818 million) and net income of approximately 400 million euros, it said.
Quarterly earnings from blue chips such as Hindustan Unilever and Kotak Mahindra Bank, inflation data, trend in crude oil prices and global cues will be key determinants for the stock market movement this week, say experts.
Wells Fargo & Co (WFC.N) on Friday reported a bigger-than-expected drop in quarterly profit, as lending activity slowed and it recorded higher expenses.
JPMorgan Chase & Co’s (JPM.N) quarterly profit topped Wall Street’s expectations on Friday, driven by much higher-than-expected trading revenue and increased loan demand.
Shares of Infosys today rose by over 2 per cent ahead of its June quarter results. The IT major's stock settled at Rs 1,309.10, up 1.12 per cent on the BSE.
British companies perked up after a weak start to the year but they are still reluctant to invest ahead of Brexit and pessimism is widespread, a major business survey showed.
Sweden barged their way into the World Cup quarter-finals when Emil Forsberg’s heavily deflected shot gave them a 1-0 win over Switzerland in a scrappy last-16 contest on Tuesday.