29-04-2016 10:07 via news.yahoo.com

Sensex poised for first weekly drop in three as earnings disappoint

India's stock markets fell on Friday as ICICI Bank slumped more than 2 percent after reporting its smallest quarterly profit in nearly a decade, as indexes headed for their first weekly decline in three after disappointing quarterly results. ICICI Bank, India's second-biggest private sector lender by assets, declined 2.5 percent as its fourth-quarter net profit lagged estimates after provisions for bad loans jumped. Cement makers such as ACC and Ambuja Cements rose 1 percent each after posting a
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