Register

3 months Free Trail

Get world class research developed by an in house team of professionals backed with strong institutional support. With reports that span across time horizons, styles and easily actionable strategies, you are never too far from executing a winning trade.

Key features and benefits of Registeration :
  • My Portfolio : Access 360° View not only of your Portfolio with Emkay, but all your Investment Portfolios
  • Emkay Research : Get Emkay's exclusive Research Reports & Trading Ideas.
  • My Watch list : Track your favorite stocks, Derivatives, Currencies, Commodities, Mutual funds on the go
  • Markets : Grab Stock Market Information at your fingertips
  • News & Announcements : Stay Updated 24x7 with news that matters.
  • Alerts : Get Alerts on Emkay Research, Trading Ideas, news on your portfolio holdings & watchlist

Forgot password

Change password

Forgot Customer Code

Subdued trade continues at D-Street; TCS, Infosys slip over 2%

Share Source By

Dion Global

06 Jan 2017

Trimming early gains, Indian equity benchmarks were trading in a narrow range with swinging between negative and positive territories during the afternoon session on Friday on increased selling pressure mainly in IT sector stocks on worries over H-1B visas amid mixed cues from fellow Asian peers.

At 1:11 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 26,849.93 down by 28.31 points or 0.11 per cent while the NSE Nifty was at 8,275.35 up by 1.55 points or 0.02 per cent.

Moreover, investors turned warry as corporate earnings season to kisk start next week and that the government will deliver a fiscally responsible budget on February 1, influenced sentiment at D-Street.

Selling pressure was witnessed mainly in the IT and Teck sector stocks.

Major show spoilers were Tata Consultancy Services Ltd. (Rs. 2276.70,-2.48%), Infosys Ltd. (Rs. 973.70,-2.28%), Wipro Ltd. (Rs. 472.20,-1.70%), ITC Ltd. (Rs. 243.80,-1.10%), Maruti Suzuki India Ltd. (Rs. 5608.00,-0.48%), among others.

The top gainers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 204.80,+2.58%), Dr. Reddy's Laboratories Ltd. (Rs. 3175.25,+1.25%), Asian Paints Ltd. (Rs. 927.00,+1.15%), GAIL (India) Ltd. (Rs. 446.45,+1.03%), Housing Development Finance Corporation Ltd. (Rs. 1226.00,+0.78%), among others.

The market breadth, indicating the overall strength of the market, was weak. On BSE, out of the total 2,775 shares traded, 1,229 advanced while 1,380 shares declined and 166 remained unchanged.