Shares of the mining conglomerate slumped close to 5 percent intraday, the most in 2019, to Rs 23,642 apiece.

The trading volume was more than four times its 20-day average, according to Bloomberg data. However, the stock advanced 17 percent in the last 12 months compared to 12 percent gain on Sensex.

The U.S.-based company slashed its annual profit forecast as it reported that operating income dropped in all five business units. The company also announced it would cut 2,000 jobs.

Nifty Auto Index was the biggest sectoral losers among the gauges compiled by NSE.

Maruti Suzuki, the country's largest carmaker reported its quarterly earnings on Thursday. The company forecast a lower sales growth for 2019-20 than the previous financial year, signalling that India’s auto slowdown is far from over.

Shares of the private lender declined nearly a percent to Rs 1,347.15 apiece.

The bank’s unit executed share purchase agreement to sell its entire 19.8 percent stake in Matrix Business Services for Rs 10.32 crore, according to its exchange filing.

The stock traded 7.4 times its estimated earnings per share for the coming year Bloomberg data showed. The lender is scheduled to report its fourth quarter earnings on April 30.

Shares of the engineering services provider surged 9 percent intraday to Rs 636.65.

The company reported its fourth quarter earnings on Thursday. The Hyderabad-based company’s net profit nearly doubled to Rs 176 crore, while its revenue fell 2.1 percent to Rs 1,162.9 crore.

Twenty six of the 27 analysts tracked by Bloomberg had a ‘Buy’ recommendation on the stock while one analyst recommended ‘Hold’, the trading volume was 16 times the 20-day avaerage for this time of the day, Bloomberg data showed.

Shares of the steel maker rose 3.6 percent, the most in over a week, to Rs 529 apiece. The stock was the top gainer on Nifty. The company reported its March quarter results on Thursday.

The trading volume was more than six times the 20-day average for this time of the day, Bloomberg data showed. The stock traded 7.4 times its estimated earnings per share for the coming year.
Here’s what brokerages had to say on the stock:

Investec

• Maintained ‘Buy’; hiked target price to Rs 800 from Rs 750.
• Q4 results reported operational beat with deleveraging playing out.
• Management guided for $1 billion of deleveraging into FY20 - a positive.
• Retain Tata Steel as preferred ferrous proxy.

CLSA

• Maintained ‘Sell’ with target price of Rs 395.
• Good volumes, but sharp margin drop in India Business.
• Asian steel prices have recovered on iron ore disruption, but have likely peaked.
• Expect margins to remain under pressure in FY20.