Moneycontrol
Apr 12, 2013 03:24 PM IST | Source: Moneycontrol.com

BSE Sensex, Nifty anemic; ITC, HUL lead gainers

Weakness continued in afternoon trade and the Nifty struggled close to 5500 pulled lower by technology shares. The Sensex was down 267.13 points at 18275.07, and the Nifty fell 55.80 points to 5538.20.


Moneycontrol Bureau


Weakness continued in afternoon trade and the Nifty struggled close to 5500 pulled lower by technology shares. The Sensex was down 267.13 points at 18275.07, and the Nifty fell 55.80 points to 5538.20.


Broader markets too fell further and the breadth deteriorated.


Infosys crashed 20 percent, its biggest fall since 2003, after delivering disastrous Q4 numbers and FY14 dollar revenue guidance of 6-10 percent, which is below Nasscom estimates.


Wipro, Cipla, Coal India, TCS and M&M were the big losers of the day.


Meanwhile, Eveready rallied on the back of battery price hike. The company has hiked prices by Rs 5 per strip of 10 batteries. Speaking to CNBC-TV18 the management said that price increase will be implemented in one-two months and will not impact demand.

Other gainers in the Sensex were ITC, SBI, Hindalco, Bajaj Auto and HUL.

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