Market unmoved post Infosys 5% rise; Sensex & Nifty down 1%

There is no respite in market selling even after Infosys surprised street with a firm December quarter earnings. The Sensex is down 308.86 points or 1 percent at 24545.25 and the Nifty still is 101.15 points or 1 percent at 7461.25. About 253 shares have advanced, 1758 shares declined, and 82 shares are unchanged.

Infosys is up 5 percent and only green stock in the Sensex. Tata Steel, Tata Motors, Hindalco, Axis Bank and L&T are major laggards.

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Posted in: Indian Market Tips