INSUBCONTINENT EXCLUSIVE:
HCL Tech, Tech Mahindra, TCS and Infosys have shed 0.6 per cent to 3.2 per cent each on BSEThe domestic stock exchange have shaved off
around 700 points from intra-day highs due to weak point in infotech stocks
At 11:00 am, the BSE Sensex was trading at 60,792.87, lower by 452 points or 0.74 per cent and the NSE Nifty was at 18,143, down 126 points
The broader markets have likewise surrendered their gains, with the BSE Midcap index and BSE Midcap index shedding 0.7 percent and 0.6 per
cent respectively.Stocks in Asia-Pacific were mixed in Thursday trade as investors monitored shares of China Evergrande Group in Hong Kong
In Japan, the Nikkei 225 slipped 0.28 per cent and Topix index dipped 0.21 per cent.The S&P 500 and the Dow got on Wednesday, with the Dow
hitting an intraday record high, as investors eyed much better than expected third-quarter earnings from U.S
The Dow Jones rose 0.43 percent to 35,609.34, the S&P 500 got 0.37 percent and the Nasdaq Composite ended flat.On the earnings front, Asian
Paints, JSW Steel, Biocon, Can Fin Houses, Container Corporation and ICICI Lombard General Insurance will state their results during the
day.On the stock-specific front, information technology stocks are experiencing selling pressure, with HCL Tech, Tech Mahindra, TCS and
Infosys shedding 0.6 per cent to 3.2 percent each on the BSE.On the other hand, Sun Pharma, NTPC and Powergrid have gotten around a per cent
each on the BSE.The market breadth is weak
Out of 2,639 shares traded on the BSE, there are 1,399 advancing shares as against 1,142 decreases
