Sensex, Nifty trade lower, Infosys shares fall 3%

Forex Rate Today Rupee Falls 20 Paise Against US Dollar in Early Trade

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Sectorally, the BSE realty index ended 1.82 per cent higher followed by healthcare by 1.11 per cent. FMCG rose 0.96 per cent, power 0.67 per cent, infrastructure 0.52 per cent, capital goods 0.44 per cent, auto 0.33 per cent and bank 0.30 per cent. Japan's Nikkei, however, was up 0.26 per cent.

"Beginning of earning season has brought a welcome distraction to equity markets, helping it to shrug off tensions over United States air strikes on Syria for now". IMD's monsoon forecast will further boost overall market sentiment.

Among individual stocks, Tata Motors and Infosys contributed most to the losses. It was the top loser in the Nifty50 pack of stocks. The stock settled at Rs 340, down 4.67 per cent on the BSE.

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Shares of Infosys fell 3.86 per cent to Rs 1,123.90 less-than-expected FY19 revenue guidance. But, a weak dollar against major global currencies capped some losses, forex dealers said.

Hero MotoCorp (2.02%), Kotak Mahindra Bank (1.88%) and Adani Ports (1.85%) were the top gainers on Sensex. Cement stocks such as ACC and Ambuja Cements also incurred smart gains.

The key Indian equity markets traded marginally lower on Monday afternoon weighed on by heightened geo-political tensions in the Middle East, along with broadly negative cues from the Asian markets. U.S. stock futures were pointing to a higher opening on Wall Street.

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At 10am, Sensex was down 0.12% at 34,151.86 points, while the Nifty 50 edged down 0.14% to 10,466 points.

The 50-share NSE Nifty too moved in a wide range on hectic selling and buying and finally closed 47.75 points, or 0.46 per cent, higher at 10,528.35.

Foreign institutional investors (FIIs) sold shares worth Rs 399.59 crore on net basis on Friday, provisional data showed.

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The BSE Midcap and the BSE Smallcap indices were fell by 0.12% and 0.04%, respectively. Both these indices outperformed the Sensex.

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