Press Esc to close
Wednesday 20 September 2017
News updated at 11:09 AM IST

Sensex snaps 2-day wining spree, drops 276 pts

Mumbai, Apl 12, 2013, (PTI): 11:38 IST
File Photo
The BSE benchmark Sensex snapped its two-day winning spree by tumbling 276 points in the late morning trade due to fresh selling mainly in IT, Teck, Consumer Durable and Realty counters after Infosys forecast lower-than-expected sales for fiscal 2013-14.

Key benchmark indices tumbled in early trade as IT major Infosys slumped over 17 pct
after the company discontinued issuing full year earnings guidance after reporting fourth quarter and year ended March 31, 2013, results before trading hours.

The company has forecast 6-10 per cent growth in revenue in both rupee terms and dollar terms for the year ending March 31, 2014.

The BSE benchmark Sensex resumed lower at 18,275.66 and hovered in a range of 18,337.91 and 18,193.18 before quoting at 18,267.95 at 1030hrs, showing a net loss of 274.25 points or 1.48 pct from its last close.

The NSE 50-share Nifty also dropped by 64.55 points or 1.15 pct to 5,529.45 at 1030 hrs.
Major losers were Infosys (17.82 pct), Wipro (4.83 pct), TCS (2.97 pct) and Tata Motors (1.20 pct).

Asian stocks fell in the early trade from the highest level in 20 months, paring the biggest weekly advance since September. Key benchmark indices in China, South Korea, Singapore, Japan and Taiwan fell by 0.01 pct to 0.8 pct while indices in Hong Kong and Indonesia rose by 0.24 pct to 0.42 pct.

However, foreign institutional investors (FIIs) bought shares worth a net Rs 36.63 crore yesterday as per provisional data from the stock exchanges.

Go to Top

Photo Gallery
U.S. President Donald Trump addresses the 72nd United Nations General Assembly at U.N. headquarters

U.S. President Donald Trump addresses the 72nd United Nations General Assembly at U.N. headquarters

Rohingya refugees pose for a picture in a camp in Cox's Bazar, Bangladesh...

Rohingya refugees pose for a picture in a camp in Cox's Bazar, Bangladesh...

Commandos of the Quick Reaction Team (QRT) demonstrate during the 4th Maharashtra Police Commando...

Commandos of the Quick Reaction Team (QRT) demonstrate during the 4th Maharashtra Police Commando...

Underworld don Dawood Ibrahim's brother Iqbal Kaskar being produced in a court in Thane, Mumbai...

Underworld don Dawood Ibrahim's brother Iqbal Kaskar being produced in a court in Thane, Mumbai...

Michael Aaron Nii Nortey Oquaye, High Commissioner-designate of Ghana, presenting his credentials...

Michael Aaron Nii Nortey Oquaye, High Commissioner-designate of Ghana, presenting his credentials...

Congress workers protesting against the Modi Government over fuel price hike, in Mumbai...

Congress workers protesting against the Modi Government over fuel price hike, in Mumbai...

Security forces personnel inspect the site of a solar plant that was allegedly blown up by the...

Security forces personnel inspect the site of a solar plant that was allegedly blown up by the...

This Monday, Sept. 18, 2017, GOES East satellite image provided by NASA taken at 23:15 UTC, shows...

This Monday, Sept. 18, 2017, GOES East satellite image provided by NASA taken at 23:15 UTC, shows...

Devotees perform traditional Hindu ritual of 'tarpan' on the banks of River Ganga near the Howrah...

Devotees perform traditional Hindu ritual of 'tarpan' on the banks of River Ganga near the Howrah...

A top view during the unveiling of a kilometer long street 'Alpona' (sacred art painting) to...

A top view during the unveiling of a kilometer long street 'Alpona' (sacred art painting) to...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.