Indian benchmark Indices Sensex
and Nifty took U-turn and marched southwards; in the morning trade Sensex was
trading down by 300 points while nifty was lower by 90 points after lower than
expected quarterly result of Infosys. At the end of day Nifty closed at 5528.55
down by 65.45 points, meanwhile Sensex closed at 18242.56 plunged by 300
points.
Infosys crashed 21%, its biggest
fall since 2003, after delivering disappointing Q4 numbers and FY14 dollar
revenue guidance of 6-10%, which is below Nasscom estimates. Tata Consultancy
Services fell 1.5%, Wipro slumped 5.6%, while HCL Technologies traded 1.7 % lower.
Among the sectoral indices CNX IT
plunged 11.74% whereas CNX FMCG gained 1.99%.
The FIIs bought shares worth Rs
36.63 crore while domestic institutional investors bought equities worth Rs
57.71 crore on Thursday as per the provisional data from the National Stock
Exchange.
Top 5 Nifty gainers: JP Associate
gained 4.67% while Ambuja cement (3.54%), ITC (2.51%), BPCL (2.38%) and LUPIN
(2.17%) enjoyed the gain.
Top 5 Nifty Losers: Infosys
slipped 21% followed by Coal India (-1.83%), HCL (-1.65%),TCS (-1.62%) and
Maruti (-1.61%).
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