it was down nearly half a percent in early offerings Thursday, dragged down by tech stocks, ahead of the weekly F&O expiration later in the day.
The S&P BSE Sensex fell 200 points to 49,260 levels and the Nifty50 index fell below 14,550 levels. Infosys fell 5 percent at the opening of deals as investors turned a profit after the company widely beat Street’s estimates on all fronts for December quarter results. Among other TI stocks, HCL Tech and Tech Mahindra also fell 2% each.
Additionally, Hindustan Aeronautics rose as much as 12 percent in early deals after the government approved the acquisition of 83 locally developed ‘Tejas’ light combat aircraft for the Indian Air Force at a cost of Rs 48,000 crore.
Most of the Nifty sector indices were trading higher, although the Nifty IT index was down 2%.
Results today
Den Networks, HFCL, Reliance Industrial Infrastructure, Tata Steel Long Products, Websol Energy System and Digicontent will announce their quarterly earnings on January 14.
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