Sensex, Nifty erase early gains :Infosys, HDFC, Sun Pharma drag

Infosys, HDFC and Sun Pharma fell more than 1 percent while ITC continued to be top gainer with 4 percent rally. ICICI Bank, Tata Motors, HUL, Bharti Airtel and Adani Ports gained over a percent.

Local search engine Just Dial reported 25.08 percent decline in net-profit at Rs 35.33 crore for the quarter ended March 31.

Today Market Update- Sai Proficient
Today Market Update- Sai Proficient

The company’s focus is on the execution of JD Omni, Krishnamachari said, adding, Omni’s customer run rate in the last one and half months was at 2,000-2,500. There has been a lot of synergy between its Search and Search Plus engine, he added.

He believes Just Dial’s margin may be under pressure in the near-term due to investments that will have to be made in FY17. Further, he said one-time ad spends will start in June and will be spread over the coming quarters.

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