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Sensex, Nifty end lower for 2nd session, down 0.8%; Infosys sheds 5.4%

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SI Reporter  |  New Delhi 

The markets ended lower for the second straight session after index heavyweight Infosys shed as much as 5.4% following Friday's about 10% plunge after Vishal Sikka resigned as the chief executive and managing director on the back of a fall-out with the company's founders. Multiple brokerages, including Nomura, also downgraded the stock. Pharma, realty, auto and metal indices also added to the fall. Asian shares were also fragile as investors remained unconvinced about US President Donald Trump's ability to fulfill his economic agenda, even as the departure of ...

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Sensex, Nifty end lower for 2nd session, down 0.8%; Infosys sheds 5.4%

Analyst View Vinod Nair, Head of Research, Geojit Financial Services says: Market failed to retain its opening strength due to continued pressure on IT major, despite a premium buyback announcement. Furthermore, pullout of foreign funds and persistent miss in quarter earnings led the market to consolidate.

Sensex, Nifty end lower for 2nd session, down 0.8%; Infosys sheds 5.4%

NIfty Pharma fell for the third straight session, down 1.7% for the day. PEL, Glenmark Pharma, Dr Reddy's and Sun Pharma fell between 2-3.3%

Sensex, Nifty end lower for 2nd session, down 0.8%; Infosys sheds 5.4%

All sectoral indices ended teh day in red mainly dragged by PSU Bank, IT, Realty and metal indices Source: NSE

Sensex, Nifty end lower for 2nd session, down 0.8%; Infosys sheds 5.4%

Nifty chart for the day Source: NSE

Sensex, Nifty end lower for 2nd session, down 0.8%; Infosys sheds 5.4%

Top gainers and losers on BSE Sensex Only 6 stocks were trading in green in the BSE Sensex. Infosys, Adani Ports, Dr Reddy's and Lupin were the biggest laggards on the index Source: BSE

Sensex, Nifty end lower for 2nd session, down 0.8%; Infosys sheds 5.4%

Broader markets Broader markets underperformed the benchmark indices with BSE Midcap and BSE Smallcap down 1.4% and 1% respectively

Sensex, Nifty end lower for 2nd session, down 0.8%; Infosys sheds 5.4%

Markets at close The markets ended lower for the second straight session after index heavyweight Infosys shed as much as 5.6% following Friday's about 10% plunge after Vishal Sikka resigned as the chief executive and managing director on the back of a fall-out with the company's founders. Multiple brokerages, including Nomura, also downgraded the stock. The S&P BSE Sensex ended at 31,258, down 265 points while the Nifty50 index settled at 9,754, down 83 points.

Sensex, Nifty end lower for 2nd session, down 0.8%; Infosys sheds 5.4%

Asia Check Asian shares were also fragile as investors remained unconvinced about US President Donald Trump's ability to fulfill his economic agenda, even as the departure of his controversial policy strategist raised hopes of some progress.

Sensex, Nifty end lower for 2nd session, down 0.8%; Infosys sheds 5.4%

Auto slips Nifty Auto extended losses for the third straight session, down over 1% for the day. Only 2 of 16 stocks in the Nifty Auto index were trading in green. Amara Raja Batteries, Exide Industries, Bharat Forge and Tata Motors were the top losers on the index. 

Sensex, Nifty end lower for 2nd session, down 0.8%; Infosys sheds 5.4%

All sectoral indices were trading in red dragged by losses in pharma, PSU banks, metal and IT indices. 

Sensex, Nifty end lower for 2nd session, down 0.8%; Infosys sheds 5.4%

Markets check   The benchmark indices extended losses in the afternoon deals. At 3:02 pm, the Sensex was trading at 31,317, down 206 points, while the broader Nifty50 was ruling at 9,779, down 58 points.

First Published: Mon, August 21 2017. 15:31 IST
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Sensex, Nifty end lower for 2nd session, down 0.8%; Infosys sheds 5.4%

Catch all that happened in the market today

The markets ended lower for the second straight session after index heavyweight Infosys shed as much as 5.4% following Friday's about 10% plunge after Vishal Sikka resigned as the chief executive and managing director on the back of a fall-out with the company's founders. Multiple brokerages, including Nomura, also downgraded the stock. Pharma, realty, auto and metal indices also added to the fall. Asian shares were also fragile as investors remained unconvinced about US President Donald Trump's ability to fulfill his economic agenda, even as the departure of ...

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