Sensex Today: Benchmark indices snapped their two-day winning streak as weak quarterly result by Tata Consultancy Services (TCS) in Q2-FY24 took investor fund away from IT pack.
The S&P BSE Sensex ended lacklustre session at 66,408 levels, down 65 points or 0.1 per cent. The Nifty50, meanwhile, shut shop 17 points, or 0.09 per cent, lower at 19,794.
Infosys and Tech M were the worst hit on the 50-share index, dropping nearly 3 per cent each, followed by Apollo Hospitals, TCS, HCL Tech, LTIMindtree, Cipla, UPL, Wipro, and Bajaj Finance (down 1 per cent).
On the upside, Coal India, BPCL, Maruti Suzuki, NTPC, Power Grid, Grasim, and Bajaj Auto trimmed losses by rising between 1 per cent and 2 per cent.
The broader markets, however, continued to rally with the BSE MidCap and SmallCap indices edging 0.3 per cent and 0.6 per cent higher, respecttively.
Among sectors, the Nifty IT index declined 1.67 per cent, followed by the Nifty Realty index (down 0.18 per cent). The Nifty Media index, on the other hand, jumped 3 per cent, followed by the Nifty Auto and Metal indices (up 0.8 per cent).
Global Cues
Overnight, the US market recouped losses and finished (up to 0.7 per cent) at the high point of the day as 10-year Treasury yields slipped to 4.57 per cent. The US market also awaits the inflation data later tonight.
In Asia this morning, Japan’s Nikkei was up 1.2 per cent. Kospi jumped 0.9 per cent, while Taiwan added 0.2 per cent.
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