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Stocks drop as TCS, Tata Steel tumble

On Tuesday, the index had dropped 112 points for the first time in six sessions as investors booked profits in recent gainers

Stocks drop as TCS, Tata Steel tumble

Bloomberg
Most Indian stocks dropped as trading resumed after a public holiday on Wednesday, with software exporters and material producers offsetting gains in finance and health-care companies. The Sensex gave up most of its early gains before closing at 27,201.49, a moderate gain of 34.62 points, or 0.13 per cent.

On Tuesday, the index had dropped 112 points for the first time in six sessions as investors booked profits in recent gainers. The NSE Nifty settled the day at 8,337.90, up 1.95 points, or 0.02 per cent.

Tata Consultancy Services (TCS), the largest software exporter, and Tata Steel, were the biggest drags on the gauge, falling 2.2 per cent and 4.8 per cent each.

 

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First Published: Jul 07 2016 | 10:38 PM IST

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