Indices closed on a weak note ahead of crucial US inflation numbers. Nifty slipped 0.64 per cent while Sensex tanked 390 points.

The top low-priced gainers on BSE that locked at their respective 20 per cent upper circuits were Shree Krishna Infrastructure, Mac Hotel, and Pan Electronics India.  

The Nifty dropped below the level of 17,050. While bank, financial services and realty companies fell, pharmaceutical and healthcare equities rose.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 259.73 points or 0.45 per cent.

The key advantage of the company is that it provides E2E solutions to every state which is revamping the power distribution networks as the demand increases. 

On Wednesday, Indian equity markets staged a decent recovery to record healthy gains.

The domestic markets regained momentum after the recent dip and climbed nearly a per cent, owing to mixed cues.  At close, Sensex zoomed 478.59 points or 0.84 per cent at 57,625.91 level while Nifty was up by 140.10 points or 0.82 per cent at 17,123.60.  

Raymond, Garden Reach Shipbuilders and Kirloskar Oil Engines witnessed action in today’s session.

Following the path, Nifty50 too surged 140 points to close the day at 17,123 points.

Typically, as the earning announcement gets closer, implied volatility tends to shoot up in anticipation that a huge move might occur in the underlying due to earning announcement