The S&P BSE Sensex was one of the world’s few benchmark equity gauges to rise last year.
The Nifty Bank index was trading 0.22 per cent down at 27,468.05 around 12:10 pm.
He believes that the importance of a Budget as an event for the markets has come down.
Benchmark NSE Nifty50 index was down 30.80 points at 10,874.40 while the BSE Sensex was down 108.94 points at 36,265.14.
The company had posted a net profit of Rs 1,326 crore in the same period last year.
The Nifty PSU Bank index was trading 0.02 per cent down at 3119.85 around 10:30 am.
RIL posted an 8.8 per cent rise in its consolidated net profit at Rs 10,251 crore for the quarter to December.
The Nifty IT index was trading 0.12 per cent down at 14,783.05 around 10:43 am.
CDPQ is an investor in the Edelweiss asset reconstruction company.
Kotak’s personal shareholding stood at 29.73 per cent at the end of September.
In the Nifty pack, 27 stocks were trading in the green, while 22 stocks were in the red.
Oil prices rose on Friday after a report from Opec showed its production fell sharply last month.