Sensex falls 100 points, Nifty around 18,750: Infosys, TCS lose

Indian equity benchmarks BSE Sensex slipped 100 points and NSE Nifty50 is down to around 18,735 on Thursday.

Mumbai: Indian equity benchmarks BSE Sensex slipped 100 points and NSE Nifty50 is down to around 18,735 on Thursday. The Domestic equities opened lower despite the Federal Reserve keeping the key policy rate unchanged.

As per the latest reports, BSE benchmark Sensex opened 96.66 points, or 0.15 per cent lower to 63,131.85, while broader NSE Nifty50 slipped 21.05 points, or 0.11 per cent to 18,734.85.

Sensex slipped 130.20 points, or 0.21 per cent to trade at 63,098.31, and Nifty50 was down 23.30 points, or 0.12 per cent to 18,732.60 by 9.40 am.

The top losers in the opening trade are IT Stocks after JP Morgan’s negative statement on Indian information technology (IT) services and downgraded the sector to underweight. The stocks of Infosys fall over 1 per cent, and TCS slipped 0.63 per cent.

Other stocks which dragged the key indices were IndusInd Bank, Hindalco, HDFC Life, ONGC, Bajaj Finserv, NTPC, PowerGrid, SBI, and Reliance Industries.

The top gainers were Divis Lab, Apollo Hospital, Britannia, Cipla, Nestle India, Dr Reddy, Hero MotoCorp, HCLTech, Adani Enterprises, and Eicher Motors by 9.30 am.

The Nifty IT slipped 0.48 per cent, and the Nifty Metal plunged 0.36 per cent, while the PSU index slipping 0.28 per cent.

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