The market is under selling pressure as corporate earnings for March quarter is underway. The Sensex is down 85.03 points at 28581.01 and the Nifty is down 49.00 points at 8657.70. About 787 shares have advanced, 1017 shares declined, and 135 shares are unchanged.
IT stocks are in deep red dragged by disappointing March quarter results by TCS. The stock is down 4 percent while Wipro slips 2 percent. Other losers are Bajaj Auto, Axis Bank and Hero Moto. Sesa Sterlite, Tata Steel, Hindalco, Reliance and HUL are among major gainers in the Sensex.
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