Sensex declines 274 points, Nifty ends at 10,600 as IT, metal stocks drag
Infosys and TCS were the top losers on both indices.
Losses in information technology and metal stocks led to a decline in domestic indices on Wednesday morning. The BSE Sensex closed 274.71 points lower at 35,199.80, and the Nifty 50 ended 56.15 points down at 10,600.05.
Yes Bank, State Bank of India, Adani Ports, Axis Bank and Asian Paints were the biggest gainers on the Sensex. The stocks which declined the most were Infosys, Tata Consultancy Services, Wipro, Power Grid Corporation and Reliance Industries.
On the Nifty, the top gainer was Dr Reddy’s Laboratories. Other stocks which rose on Wednesday were Yes Bank, Indian Oil Corp, Grasim and Bajaj Finserv. The biggest losers were Infosys, Tata Consultancy Services, Power Grid Corporation, HCL Tech and Tech Mahindra.
Other major Asian markets had a mixed day. The Hong Kong index was trading 131 points up at 4.09 pm. The Shanghai market closed almost flat at 5.65 points up, and the Taiwan TSEC 50 index 2.47 points down. Japan’s Nikkei 225 finished 75.58 points below, and the Australia ASX All Ordinaries lost over 37 points.
The Indian rupee was trading at 71.45 against the United States dollar at 4.05 pm.
