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The Nifty Realty index closed 1.26 per cent down at 407.55.

TeamLease Services, incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 4139.38 Crore) operating in Services sector.

Adani Ports is also a keen contender for acquiring the government’s stake in Container Corp, given its growth ambitions in logistics, adjacent ports offerings, and large balance sheet and benign leverage.

“There was a dip in the rural demand and post the harvest, the high commodity prices and due to the wedding season overall, there was a good uptick in the rural demand in this quarter. I am anticipating that at the back of pretty much similar reasons, we should see the demand momentum continuing to go forward but the growth rate is slightly tempered.”

The NSE Bank Nifty Index dropped as much as 3.5%, extending declines of the previous session, underperforming broader stock benchmarks. Bank of Baroda and State Bank of India were among the biggest decliners, falling at least 5% each. LIC’s shares extended their drop to 4.3% intraday before paring some losses.

“People are not sure whether tomorrow any other big name would get attacked because of whatever the instrument just created outside the purview of the market and the regulator also might be clueless. They are not getting the clarity as to how to plug this kind of attack which comes on to the market and creates this kind of panic or nervousness.”

"Revenue growth has been below expectation as consumer electronics, lighting and mobile phones key verticals for the company has seen steep decline. We however upgrade the stock to Neutral as the stock has already corrected sharply and strong growth momentum is expected to resume. We roll forward our valuation multiple

On Thursday, the Pakistani rupee fell 9.6% against the dollar in the inter-bank market, the biggest one-day drop in over two decades, a day after foreign exchange companies removed a cap on the exchange rate.

“The trend is firmly down and the nearest important level for me is 17,428 on the Nifty spot. So, if the market sprints to 17,428 not even a close just a print, it will confirm and extinguish all remaining hopes for the bulls that the market is headed for below the June 2022 low.”

Public sector undertaking firm NTPC is among a range of domestic companies that will announce earnings on Saturday. Here are some of the key corporate earnings to watch out for.