INSUBCONTINENT EXCLUSIVE:
Losses in information technology, pharma and automobile stocks dragged the markets lower
Domestic
stock markets started Thursday's session on a lower note, breaking a three-day winning run, tracking weakness in Asian peers
The S-P BSE Sensex fell as much as 127.88 points to 39,087.76 in early trade, and the NSE Nifty moved to 11,644.85, down 42.65 points from
A selloff across most sectors led by financials, metal, information technology, pharma and energy shares dragged the markets lower
Weak cues from global markets and unabated foreign fund outflow also dragged markets lower
Analysts expect volatility in the markets to continue as more large cap companies report their quarterly earnings
at 39,090.06 while the Nifty was down 35.95 points - or 0.31 per cent - at 11,651.55.Yes Bank shares were the top percentage loser on both
30.Besides Yes Bank, other top laggards on the 50-scrip benchmark index at the time were ONGC, Tata Motors, HCL Tech, Vedanta, Coal India,
Hindalco and Tech Mahindra, struggling with losses of between 1.17 per cent and 2.47 per cent.Reliance Industries, Tata Consultancy Services
(TCS) and Yes Bank weighed most on the Sensex.On the other hand, Wipro shares rose as much as 3.25 per cent on the BSE, a day after the IT
United Technology sank on weak corporate reports.Overnight on Wall Street, the Dow Jones industrial average finished 0.4 per cent
drive buying, analysts said investors are also cashing out.(With agency inputs)Get Breaking news, live coverage, and Latest News from India
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