Zee Media Bureau
The benchmark BSE Sensex washed off initial gains in a volatile trade to drop by nearly 200 points in afternoon trade, following selling in IT, teck, oil refinery and auto sectors, despite positive global cues.
Wary participants turned cautious ahead of Q4 results of IT bellwether, Infosys, to be announced tomorrow.
The 30-share index resumed higher at 27,977.27 and hovered in a range of 28,087.78 to 27,621.18 before quoting 27,719.91, showing a fall of 170.22 points or 0.61 percent from its last close.
The 50-share NSE Nifty was also quoting lower by 37.85 points or 0.45 percent to 8,391.85.
Major losers led by M&M with 2.07 percent fall, Sun Pharma by 1.26 percent, NTPC 0.95 percent, Wipro 0.87 percent and Infosys 0.85 percent.
Meanwhile, Foreign Portfolio Investors sold shares worth Rs 910.15 crore, while Domestic Institutional Investors bought shares worth Rs 217.98 crore yesterday, as per provisional data.
In New York market, the US stocks closed higher yesterday as better-than-expected earnings and an upbeat report on existing-homes sales fuelled investor confidence.
With Agency Inputs
