Equity gauges in the red, IT stocks drag
Apr 16, 2020
Mumbai, Apr 16 (ANI): Equity benchmark indices oscillated between losses and gains during early hours on Thursday as investor sentiments remained fragile amid concerns over the impact of coronavirus outbreak on the domestic and global economy. At 10:15 am, the BSE S&P Sensex was down by 135 points or 0.44 per cent at 30,245 while the Nifty 50 edged lower by 20 points or 0.22 per cent at 8,905. Sectoral indices at the National Stock Exchange were mixed with Nifty IT down by 2.96 per cent but realty up by 2 per cent. Among stocks, IT major Infosys dropped by 4.5 per cent to Rs 610.10 per share while Tech Mahindra slipped by 4.4 per cent and Tata Consultancy Services by 3 per cent. Private lenders Kotak Mahindra Bank and Axis Bank dipped by 3.6 per cent and 1.8 per cent respectively.
