Sensex Tanks 293 Points On Weak Asian Cues; Infy Falls 4%

Infosys stock falls most on BSE NSE post Q4 earnings

The flagship Sensex during the session swung both ways -nearly 408 points - on hectic selling and buying activity by participants.

According to government data, wholesale inflation eased marginally to 2.47 per cent in March on cheaper food articles, especially pulses and vegetables.

Wholesale inflation was 2.48 per cent in February and 5.11 per cent in March previous year.

The US Dow Jones Industrial Average ended 0.50% lower in Friday's trade.

The BSE benchmark Sensex trimmed some early losses tracking caution in other Asian markets after a US-led strike on Syrian targets fuelled fresh geopolitical concerns.

The broader NSE Nifty too struggled before ending well above the 10,500-mark. The S&P BSE Mid-Cap index rose 81.19 points or 0.49 per cent to settle at 16,677.76. EMini futures for the S&P 500 nudged up 0.38 percent, while Japan's Nikkei added 0.2 percent.

Key equity indices Nifty50 and Sensex extended their gains for the eighth consecutive session on Monday, the longest winning streak since November 2017, buoyed by gains in the select bank, financial, FMCG, IT and auto stocks. Intra-day, it hovered between 10,396.35 and 10,540.15.

Tata Motors which closed 4.96% lower at 339 level was the top Sensex loser on reports that Britain's biggest carmaker Jaguar Land Rover will cut around 1,000 jobs and production at two of its English factories due to fall in sales caused by uncertainty around Brexit and confusion over diesel policy.

BSE sectoral indices, led by IT, Teck, oil and gas, PSU, power, infrastructure and banking stocks, declined up to 1.45 per cent.

Shares of Infosys fell 3.86 per cent to Rs 1,123.90 less-than-expected FY19 revenue guidance.

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