GOLDEN INVESTMENT RESEARCH PRIVATE LIMITED.
Sensex trades lower
Indian equities continues to trade on a lower note tracking cues from Asian peers amidst volatility. BSE IT index was badly hit after Infosys lowered its revenue growth guidance for the quarter ended December results.
At 11.59 a.m., the Sensex was trading down 77.78 points or 0.48% at 16,098.08 with 9 components falling. Meanwhile, the Nifty was trading lower by 17.55 points or 0.36% at 4,843.40 with 14 components falling.
Infosys has brought down the dollar guidance by nearly 2.5% to USD 7,029 million - USD 7,033 million against USD 7,060 million - USD 7090 million given in the last quarter.
Infosys has brought down the dollar guidance by nearly 2.5% to USD 7,029 million - USD 7,033 million against USD 7,060 million - USD 7090 million given in the last quarter.
Tata Consultancy Services contributed fall of 34.52 points in the Sensex. It was followed by Reliance Industries (10.15 points), Wipro (7.15 points), Hindustan Unilever (4.18 points) and Housing Development Finance Corporation (1.46 points).
However, I C I C I Bank contributed rise of 14.45 points in the Sensex. It was followed by State Bank Of India (12.39 points), Larsen & Toubro (8.18 points), H D F C Bank (6.4 points) and NTPC (4.86 points).
Major gainers in the 30-share index were State Bank Of India (2.04%), Sterlite Industries (India) (1.94%), Hindalco Industries (1.81%), Bajaj Auto (1.73%), D L F (1.68%), and I C I C I Bank (1.46%).
On the other hand, Infosys Technologies (6.51%), Tata Consultancy Services (4.05%), Wipro (2.28%), Hindustan Unilever (0.78%), Reliance Industries (0.61%), and Hero Honda Motors (0.29%) were the biggest losers in the Sensex. w
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