On Friday, April 8, Indian equities turned in mixed performances ahead of the corporate earnings season. Analysts expect Q1 corporate earnings to rise, on average, by 3.3%. Notably, data on the country’s international reserves are due out today. Recapping the indices, the Nifty 50 finished the day 0.12% lower at 7,555.20, while the BSE Sensex 30 inched down 0.05% to 24,673.84. Nifty 50 standout losers featured Tata Consultancy, Hero MotoCorp and Infosys (down more than 1.3%). On the other side of the spectrum, the gainers were led by NTPC, Tata Power and Bharat Heavy Electricals (up over 2.9%). As for BSE Sensex 30 components, Infosys, Hero MotoCorp and Hindustan Unilever topped the group of decliners. The index’s gainers included NTPC, Tata Power and Bharat Heavy Electricals. In the currency market, the USD/INR fell 0.14% to 66.67, and the EUR/INR eased 0.24% to 75.774, while the 10-year bond yield reached 7.449%. Shares of auto maker Maruti Suzuki India tumbled 1.16% to a 5-week low. Shares of the biggest Indian motorcycle manufacturer Hero MotoCorp fell 1.76%. Shares of generic drug producer Lupin and the biggest Indian power equipment producer Bharat Heavy Electricals increased for the fourth session in a row. Cement producer Prism Cement added 3.85% to its market cap, hitting a 4-month high. Shares of the Indian third biggest cellular provider Reliance Communications ticked up 0.4% despite the fact that global rating agency Moody’s Investors Service reduced its credit outlook for the company from stable to negative. From a technical standpoint, the BSE Sensex 30 continues to move lower towards the 24,343 support level. Stochastic lines are pointing south, so the index holds downside potential.