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Thursday, July 19, 2018

BSE Sensex plunges for 3rd day; IT pack leads fall on TCS let-down

BSE Sensex fell by over 223 points today to close at 28,442.10, its weakest closing in over two weeks...

By: Press Trust of India | Mumbai | Updated: April 17, 2015 4:45:58 pm
bse nse, bse sensex, sensex, BSE Sensex, BSE Sensex opening, NSE Nifty, march derivative expiry, NSE Nifty opening, stock market, stock market news, stock market India, Market today BSE Sensex fell by over 223 points today to close at 28,442.10, its weakest closing in over two weeks. (Reuters)

The benchmark BSE Sensex fell almost 65 points today following losses in IT stocks, after TCS reported a 27 per cent dip in its March quarter net profit at Rs 3,858.2 crore.

Besides, a mixed trend in the other Asian markets also influenced the trading sentiment here.

The 30-share index fell by 64.73 points or 0.22 per cent to 28,601.31 with IT, tech, consumer durables, banking and healthcare stocks leading the fall.

The gauge had lost 378.40 points in previous two sessions.

On similar lines, NSE Nifty edged lower by 28.50 points or 0.32 per cent to 8,678.20.

Shares of TCS dropped by 3 per cent to Rs 2,507.50 in early trade.

Other IT stocks which also declined were were Wipro at 1.61 per cent to Rs 591.65 and Infosys 0.28 per cent to Rs 2,185.

Bucking the trend, stocks of Reliance Industries rose 1.57 per cent to Rs 942 on expectations of encouraging Q4 numbers, which are to be announced after trading hours today.

Among other Asian markets, Japan’s Nikkei was down 1.59 per cent while Hong Kong’s Hang Seng was up 0.35 per cent in morning trade today.

The US Dow Jones ended 0.04 per cent lower in yesterday’s trade.

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