Sensex Trades Flat; Infosys Dips 3% Post Results

Business

oi-Sunil

By Sunil Fernandes

Published: Monday, October 12, 2015, 10:02 [IST]

Benchmark indices were trading flat as selling pressure was seen in the shares of Infosys post its results.

The Sensex was up 33 points at 27,113 points, while the Nifty was higher by 12 poin ts at 8,201 points. Infosys was a clear drag on the indices with the stock falling 3% after markets were a tad dissapointed with the guidance and resignation of COO, Rajiv Bansal.

Check Sensex gainers and losers

Shares in Bank of Baroda fell more than 5 per cent after bank officials were allegedly involved in a forex scam. This has little impact on other banking stocks with Axis Bank, ICICI Bank and Yes Bank among the gainers.

The results of Infosys did not have much of an impact on other IT stocks with TCS and Tech Mahindra both trading marginally higher.

Shares in Maruti Suzuki continued to fall despite the shareholders approving raising of FII/FPI investment limit in company to 40 percent.

The mid cap index was also trading flat in line with the broader markets, though stocks of Century Textiles and Kansai Nerolac rallied in trade.

Among non index stocks Cera Sanitaryware was trading higher after reports that the company was to consider JV for ceramics tiles plant in Andhra Pradesh.

Meanwhile, markets across Asia were trading with solid gains led by the Chinese Shanghai Composite which jumped a huge 3.3 per cent in trade.

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