Press Esc to close
Wednesday 26 July 2017
News updated at 2:07 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
Newly sworn-in President Ram Nath Kovind inspecting a guard of honour in the forecourt...

Newly sworn-in President Ram Nath Kovind inspecting a guard of honour in the forecourt...

Tri-services guards leave after the swearing-in ceremony of the 14th President of India, at Vijay...

Tri-services guards leave after the swearing-in ceremony of the 14th President of India, at Vijay...

Indian Youth Congress activists hold placards during a silent protest against BJP and suspension...

Indian Youth Congress activists hold placards during a silent protest against BJP and suspension...

A view of Parliament after heavy rains in New Delhi on Tuesday....

A view of Parliament after heavy rains in New Delhi on Tuesday....

Fire brigade and NDRF personnel carrying out a search and rescue operation following a building...

Fire brigade and NDRF personnel carrying out a search and rescue operation following a building...

A Haj pilgrim displays her affection with her relative at Hajj House Bemina in Srinagar on Tuesday..

A Haj pilgrim displays her affection with her relative at Hajj House Bemina in Srinagar on Tuesday..

Members of the Kangleipak Students' Association (KSA) demand constitutional protection...

Members of the Kangleipak Students' Association (KSA) demand constitutional protection...

India's Ravichandran Ashwin tosses a ball during a training session ahead of the first test...

India's Ravichandran Ashwin tosses a ball during a training session ahead of the first test...

Actors Anil Kapoor and Arjun Kapoor promote their upcoming movie

Actors Anil Kapoor and Arjun Kapoor promote their upcoming movie "Mubarakan" in New Delhi...

A view of waterlogged George Town Police Station after heavy rains in Allahabad on Tuesday...

A view of waterlogged George Town Police Station after heavy rains in Allahabad on Tuesday...

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.