Infosys guidance pulls Sensex down 129 points

Indian markets ended the session down by over 0.6 per cent due to weak revenue guidance given by Infosys.

The BSE Sensex ended at 18,675.18, down 129.57 points or 0.69 per cent and the NSE Nifty ended at 5,676.05, down 32 points or 0.56.

Stocks of the IT, TECk, realty and auto sectors on the BSE were down 2.81 per cent, 2.44 per cent, 0.93 per cent and 0.76 per cent, respectively.

Consumer durables, healthcare and FMCG sector indices were the best performing sectors and were up 0.72 per cent, 0.45 per cent and 0.14 per cent, respectively.

Among the Sensex stocks, the top five gainers were GAIL, Tata Power, Hindalco, HDFC Bank and Tata Steel. The top five laggards were Infosys, Wipro, Bharti Airtel, Sun Pharma and Dr Reddy's.

“Infosys reported results which were slightly lower than estimates. The US dollar revenue and EPS guidance have also been revised downwards, though marginally. Markets were factoring in Infosys to match expectations for the quarter,” said Dipen Shah, Head of PCG (Private Client Group) Research, Kotak Securities.

There were mixed cues in the American and Asian markets. The European markets were down by about 0.20 per cent.

European stocks declined amid global growth concerns and ahead of a report that may show industrial output in the euro region fell in August.

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