Sensex Opens Lower; Infosys Falls On Profit Booking

By Sunil Fernandes
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Profit booking in Infosys pulled benchmark indices lower with the Sensex dropping 63 points, while the Nifty fell 19 points in trade.

    Check top Sensex gainers and losers

    Sensex Opens Lower; Infosys Falls On Profit Booking
    Indices
    Leading the set of losers apart from Infosys was Vedanta, Tata Steel and TCS. Sun Pharma which fell a huge 14 per cent on Tuesday following a warning on revenues and profitability saw buying at lower levels and was up one per cent.

    Banking stocks continued to exhibit a weakish trend with ICICI Bank and Axis Bank among the losers. HDFC Bank which reported results which were slightly below expectations, saw some selling pressure in early trade.

    PSU banking stocks were weak with Canara Bank and Punjab National Bank seeing selling pressure. Shares in Bharti Airtel saw some profit booking after the company said that it had no plans to exit the African business.

    Lupin which saw some profit booking in trade on Tuesday along with Sun Pharma was trading higher. Cipla and Dr Reddy's were the other gainers from the pharma space.

    Hindustan Unilever, which dropped following a disappointing set of numbers on Tuesday was trading higher by nearly 2 per cent.

    Meanwhile, markets across Asia were lower following weak closings in the US. The Singapore Strait Times and the Hang Sang were the major losers.

    GoodReturns.in

    Read more about: sensex nifty hdfc bank icici bank
    Story first published: Wednesday, July 22, 2015, 9:59 [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

    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