Sensex Trades Lower; IT Stocks Weak On Visa Violation Worries

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Benchmark indices opened the week on a bearish note with the Sensex trading lower by 38 points, while the Nifty dropped lower by 14 points in trade.

    Sensex Trades Lower; IT Stocks Weak On Visa Violation Worries
    Indices
    IT Stocks continued to pull indices lower with TCS and Infosys both falling on worries over visa violations in the US. Infosys also traded ex-bonus today. Wipro and Tech Mahindra were the other IT stocks that were lower.

    Banking stocks were also seen slightly lower in trade with HDFC Bank, ICICI Bank and IndusInd Bank among the early losers.

    Shares in Orchid Pharma were up almost 3 per cent after reports that the US FDA had given its nod for Alzheimer drug Rivastigmine Tartrate.

    Sun Pharma and Vedanta were the top Nifty gainers in trade along with HCL Tech and Maruti. Midcap stocks were having a good session in trade with stocks like Jubilant Foodworks and KPIT among the gainers.

    Sun TV rallied a huge 11 per cent in trade after having fallen in the previous trading sessions. PSU banking shares were higher on hopes of fresh capital infusion in these banks. Union bank of India, Punjab National Bank and Syndicate Bank were among the gainers.

    Reliance Industries continue to make steady gains after its 41st annual general body meeting had raised hoped of better performance for the company in the years to come.

    Meanwhile, markets across Asia were trading sharply lower on fears of a likely debt default from Greece.

    GoodReturns.in

    Read more about: sensex nifty
    Story first published: Monday, June 15, 2015, 9:34 [IST]
    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