Indices ended down over 1%, with information technology shares leading the fall after Infosys' 2013-14 (Apr-Mar) revenue guidance disappointed investors. Infosys slumped 21%, was the worst hit on Nifty. However, despite the sharp fall in the IT major, the Nifty held above the 5500-mark due to gains in fast moving consumer goods and bank shares. Weakness in European and Asian stocks also weighed on sentiment.
Axis Bank, Hindustan Unilever, State Bank of India, and ITC rose 1.0-2.7%. The barometer index, the S&P BSE Sensex, was provisionally down 317.73 points or 1.71%, Nifty was down by 65 points.
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