Press Esc to close

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

More from this section
Most trending stories
Photo Gallery
Actress Tamannaah Bhatia during a promotional event...

Actress Tamannaah Bhatia during a promotional event...

Girls take selfie near a classic car at the 8th edition of the 21 Gun Salute...

Girls take selfie near a classic car at the 8th edition of the 21 Gun Salute...

A man feeds langurs at Khandagiri in...

A man feeds langurs at Khandagiri in...

Canadian Prime Minister Justin Trudeau, his wife Sophie Gregoire Trudeau...

Canadian Prime Minister Justin Trudeau, his wife Sophie Gregoire Trudeau...

Dancers perform during celebrations of the 10th anniversary of Kosovo's independence...

Dancers perform during celebrations of the 10th anniversary of Kosovo's independence...

Police guard a demonstration during the Munich Security Conference in Munich...

Police guard a demonstration during the Munich Security Conference in Munich...

Pyeongchang 2018 Winter Olympics - Women Round Robin - Olympic Athletes from...

Pyeongchang 2018 Winter Olympics - Women Round Robin - Olympic Athletes from...

Ventilation pipes are seen at a Korean barbecue restaurant at the Yongpyong ski...

Ventilation pipes are seen at a Korean barbecue restaurant at the Yongpyong ski...

A view of Lok Bhawan, a government building housing Uttar Pradesh...

A view of Lok Bhawan, a government building housing Uttar Pradesh...

School children perform during 'Pariksha Par Charcha', an interactive session...

School children perform during 'Pariksha Par Charcha', an interactive session...

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.