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Infosys takes down equities, Sensex plunges 100 points, and Nifty remains at 17,634; HDFC duo shines

The BSE benchmark Sensex fell 66.7 points, or 0.11 percent, to 59,660.31 on Wednesday, while the broader NSE’s Nifty50 fell 16.10 points, or 0.09 percent, to open at 17,644.05. This was the third consecutive day of declines for domestic equities, with Infosys being the main culprit.

The poor fourth-quarter performance of TCS and Infosys has frightened investors about the impact of the financial crisis on the IT industry and weighed on domestic equities.

At 9:25 a.m., the Sensex was down 107 points, or 0.18 percent, and the Nifty was down 26.20 points, to 17,633.95.

Nifty Microcap 250 rose 0.37 percent, while Nifty Smallcap 100 and Nifty Smallcap 250 both increased 0.34 percent. Nifty Next 50 dropped 0.12% at the opening bell, while Nifty 100 fell 0.8%. In contrast, India Vix rose 1.61 percent at the open.

Asian Paints, down 1%, and Hindustan Unilever, down 0.95 percent, were the next two stocks to experience declines at the opening bell. ONGC, Wipro, HCLTech, Tata Consumer, Nestle India, and Sun Pharma were the most significant decliners during today’s opening trade.

In the inaugural session, the leading gainers were Divis Lab, Apollo Hospitals, Adani Enterprises, Tata Steel, M&M, Eicher Motors, Coal India, HDFC, and HDFC Bank.

Aryan Jakhar
Aryan Jakhar
Aryan Jakhar is an Indian Journalist with over two years of active working experience. Aryan is currently working as editor-in-chief at BusinessHeadline.in and he is reachable on contact@businessheadline.in
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