Sensex dips 151 pts on Wipro results, 'sticky' inflation

The Bombay Stock Exchange (BSE) benchmark Sensex erased early gains on Wednesday and dipped 151 points to 18,502 on across-the-board selling, partially triggered by weak first-quarter results and guidance by IT major Wipro and worries of interest rate increase after the government said inflation would remain sticky till December.

Besides Wipro, which lost four per cent, other Sensex heavyweights like RIL, ICICI Bank, HDFC Bank, TCS, Hindalco, Tata Power and Jaiprakash industries were also down.