Sensex ends 113 pts higher, posts 8th straight gain, Nifty above 10500

Infosys stock falls most on BSE NSE post Q4 earnings

Infosys stock falls most on BSE NSE post Q4 earnings

The indexes entered positive territory almost 2.5 hours before the market closing after United States air strikes on Syria appeared to be having scant impact on trading, and oil prices fell back.

Wholesale inflation was 2.48% in February and 5.11% in March a year ago.

Losses in the market were led by IT stocks which fell tracking selloff in Infosys shares.

Rising for the 8th straight session the Sensex zoomed over 100 points at while the Nifty reclaimed 10,500 level on Monday as the wholesale price-indexed (WPI) inflation softened in March. The 50-share Nifty50 index closed the day 48 points, or 0.46 per cent up, at 10,528 with 34 stocks in the green.

Shares of Infosys fell 3.86 per cent to Rs 1,123.90 less-than-expected FY19 revenue guidance.


The wider Nifty50 closed higher by 41.50 points or 0.40 per cent to 10,458.65 points, while the Sensex closed at 34,192.65 points, up 91.52 points or 0.27 per cent.

Reflecting further improvement in the economic situation, industrial production grew by a healthy 7.1 per cent in February while the key retail inflation slipped to a five-month low of 4.28 per cent in March, official data showed on Thursday.

The 30-share index was trading lower by 77.41 points, or 0.23 per cent, at 34,115.24 at 1200 hrs, led by selling on IT, energy, consumer durables, telecom, auto, banking, oil & gas counters. Intra-day, it hovered between 10,396.35 and 10,540.15.

Market breadth was negative with 628 advances against 849 declines.

Other major losers were Tata Motors, Axis Bank, Tata Steel, ONGC, Reliance, and Bharti Airtel, falling by up to 2.71%.

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