The benchmark indices in a shortened week closed flat on Friday as investors remained alert amid Q4 earnings results. The indices oscillated between gains and losses during the week and closed with marginal losses. FMCG and IT sectors were largely affected the loss while Reality and Banking stocks gained.

The Sensex closed at 38,963, down 0.05pc, while the broader NSE Nifty50 ended at 11,712, falling 0.11pc. For the week, the Sensex ended 0.3pc and the Nifty 0.4pc lower The Nifty Midcap declined 1.5pc for the week.

At the result front, earning deliverance were on mixed trend. Bandhan Bank and Kotak Mahindra Bank have delivered impressive performance in their earnings, whereas Yes Bank, Britannia Industries and Dabur India Ltd missed their respective quarterly earnings estimates.

The Auto sector suffered some pressure, as most auto companies saw significant falls in April month, where Tata Motors witnessed a 20pc fall in volumes, Maruti Suzuki seen 20pc declines, Hero MotoCorp’s sales decreased by about 17pc and Mahindra and Mahindra witnessed year-on-year falls nearly 10pc in sales in April. On the contrary, Ashok Leyland reported a 10pc rise in domestic vehicles sales, Bajaj Auto reported of 2.5pc rise in sales and TVS Motor Company’s sales recorded up by 3pc.

For the Coming week, the major companies which will be reporting their quarterly results include ICICI Bank, Marico, Titan Company, Bharti Airtel, Asian Paints, Eicher Motors, Vedanta, HCL Technologies, State Bank of India and Larsen and Toubro (L&T).