March 29 2020
Sensex sheds 130 points; IT, TECk stocks major losers
06 December 2012

Indian equities, the Sensex and the Nifty, shed about 0.6 per cent in the morning session today led by IT and TECk stocks amid firm Asian cues.

At 9.50 a.m., the 30-share BSE index Sensex was down 130.90 points (0.68 per cent) at 19,260.96 and the 50-share NSE index Nifty was down 39.9 points (0.68 per cent) at 5,860.60.

The stock price of top Indian software companies were down with the US-based Cognizant Technology Solutions indicating a slower growth rate in 2013. This could be an indication that things may not be rosy for the Indian IT industry in 2013, said an analyst.

TCS was down 1.66 per cent at Rs 1,275.65, Infosys down 1.61 per cent at Rs 2,344 and Wipro down 1.1 per cent at Rs 376.80.

Volume toppers were SBI, Infosys, RIL, Tata Steel and L&T. Among 30-share Sensex, only Bajaj Auto, Jindal Steel, HDFC, ICICI Bank and SBI were the gainers. On the other hand, Infosys, TCS, Sterlite, Wipro and ONGC were the major losers.

All BSE sectoral indices were trading in the red. Among them, IT index (down 1.58 per cent), TECk (1.33 per cent), realty (0.84 per cent) and power (0.83 per cent) led the Sensex downtrend.

Asian shares were steady near 16-month highs, driven by hopes that the US lawmakers will reach a deal to avoid the so-called "fiscal cliff' of year-end tax hikes and spending cuts which threaten to push the US economy back into recession.

Japan’s Nikkei 225 was up 80.53 points or 0.85 per cent at 9,549.37, while Hong Kong’s Hang Seng was down 7.30 points or 0.03 per cent at 22,263.61.



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