Sensex Opens Lower Ahead of Infosys Results

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The Sensex opened the day lower once again in trade as weak sentiments continued to prevail across the Indian markets.

    Sensex Opens Lower Ahead of Infosys Results
    Indices
    The Sensex was last trading lower by 21 points, while the Nifty lost 14 points in eraly trade. Shares in Infosys was trading marginally higher of its Q4 numbers.

    Cairn India slumped 4 per cent as the company's results were short of expectations. Banking stocks were weak in trade with yes Bank losing ground despite a hike in FII limit. Indusind Bank, HDFC Bank and Axis Bank were all among the losers.

    IT stocks saw some buying from lower levels with HCL Tech gaining along with TCS and Wipro.

    Shares in Crompton Greaves lost as much as three per cent after the promoter Avantha Holdings has proposed to sell entire stake in Crompton Greaves Consumer Electricals.

    The stock was down almost three per cent in trade.

    Mid cap stocks also saw heavy selling pressure with favorites like Jubilant Foodworks and Jain Irrigation among the losers.

    PSU banking stocks managed to hold ground in a falling market and were largely resilient. Stocks like IDBI Bank and State Bank of India gained ground.

    GoodReturns.in

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

    Find IFSC

    Get Latest News alerts from Goodreturns

    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