Indian shares were marginally lower in early trade on Friday as disappointing earnings from the likes of Yes Bank and Biocon overshadowed firm cues from global markets.
The benchmark BSE Sensex was virtually unchanged in lackluster trade while the broader Nifty index was down 2 points or 0.02 percent at 10,340.
Yes Bank fell nearly 7 percent after the private sector lender posted improved profit in the second quarter, but provisions rose on the back of an increase in bad loans.
Biocon lost 5 percent after its quarterly profit fell 53 percent from last year on account of lower offtake of APIs, production disruption and tender delays.
United Spirits jumped as much as 14 percent on reporting an 86 percent jump in Q2 profit.
Crompton Greaves rallied 2.6 percent after its quarterly profit grew 23 percent from last year.
Mphasis advanced 8 percent despite reporting a 4 percent decline in net profit for the July-September quarter.
Bajaj Auto shares rose half a percent. The two-wheeler manufacturer said that it is not impacted by the pillion riding ban put forth by Karnataka High Court.
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.