Thursday's session had already painted a grim picture, with the Sensex plunging 528.28 points (0.68 per cent) to close at 77,620.21.The Nifty shed 162.45 points (0.69 per cent) to settle at 23,526.
Despite these headwinds, TCS reported a net profit of Rs 12,380 crore, reflecting an 11.9 per cent Y-o-Y increase from Rs 11,058 crore.
This has driven gilt yields to their highest levels in 16 and a half years. Apart from that, attention turned to Friday’s labour data, with expectations of a 155,000 increase in December nonfarm payrolls, a decrease from the 227,000 added in November.
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