JPMorgan Q3 Results: Net profit rises $13.15 billion on higher interest income

Stock Market Today: Domestic benchmark equity indices slipped into red on Friday's session despite some intraday recoveries.

In the last hour of the trade, index heavyweight stocks such as HDFC Bank, Kotak Mahindra Bank, State Bank of India, and Axis Bank witnessed major selling dragging down the benchmark indices.

Further, information technology stocks also weighed on the market sentiment on the backdrop of US inflation worries.

Tata Consultancy Services (TCS) (+0.87%), Infosys (-2.23%) and HCL Tech (+2.64%) flagging concerns of slower growth weigh on sentiments.

On the other side, buying interest was seen in Nifty Auto Index, up 0.87% as Tata Motors zoomed 5%.

Meanwhile, Tata Motors was in limelight on media reports that the government is working on a policy to support local manufacturing of electric cars, a decision likely to provide a level playing field for the industry. 

The recent US inflation statistics reinforced bets on Federal Reserve rate hikes, which caused Treasury rates to spike higher and the Asian stock advance to pause. 

More pessimism was brought about by the most recent report showing China's economy is still sluggish.