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Epic Update Infosys
After a initial spurt in early trade, the market has slipped into red dragged mostly by Tata Group stocks. The Sensex is down 12.27 points at 27234.89 and the Nifty is down 13.40 points at 8393.80.
About 835 shares have advanced, 931 shares declined, and 271 shares are unchanged.
Tata group stocks TCS, Tata Steel and Tata Motors are down 1-2 percent. Natarajan Chandrasekaran, the CEO and Managing Director of Tata Consultancy Services , has been named the new Chairman of Tata Sons, roughly three months after the former Chairman Cyrus Mistry was unceremoniously ousted.The new chairman will take charge from February 21.
Infosys is down 1 percent and Dr Reddy’s Labs are losers in the Sensex. Among gainers are ONGC, Coal India, HDFC, GAIL and HUL.
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