Sensex Drops Sharply As Infosys Results, MAT Issue Weigh

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The Sensex and the Nifty dropped sharply in trade, but recovered a little in the last 15 minutes of trade, even as Infosys slipped a huge 6 per cent.

    Sensex Drops Sharply As Infosys Results, MAT Issue Weigh
    Indices
    The Sensex ended the day with losses of 297 points, while the Nifty closed the day with a loss of 93 points.
     

    Banking shares came in for huge selling pressure with private sector banking stocks like Indusind Bank and Yes Bank seeing sharp declines.

    PSU Banking stocks like Oriental Bank of Commerce and Bank of Baroda saw huge selling pressure.

    IT stocks had a mixed day in trade despite weakish numbers from IT major Infosys. TCS held with smart gains, while HCL Tech too was higher. Tech Mahindra on the other hand ended the day with losses.

    Oil exploration companies were the best performing stocks in trade with Cairn India and ONGC seeing sharp gains. Other Nifty stocks that gained ground were ACC, Grasim and Maruti.

    Dealers say there was some buying from domestic institutions which helped to lift sentiments in the last 15 minutes of trade.

    Meanwhile, markets across Europe were trading with gains after having fallen on Thursday. Asian markets on the other hand ended the day mixed.

    Goodreturns.in

    Read more about: sensex nifty
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more