Sensex, Nifty trade lower, Infosys shares fall 3%

Tension in Middle East pull back Indian indices

Negative global cues depress domestic equity indices

Among the early losers were Tech Mahindra, Wipro, Tata Motors, Axis Bank, IOC, Hindalco, Vedanta and ICICI Bank while Hero Motocorp, Bajaj Auto, M&M, Cipla, ITC and Bajaj Finserv gained.

Mumbai: Benchmark indices traded nearly unchanged on Monday morning after recovering from a steep decline at open, tracking mixed Asian equity markets as investors assessed that the likelihood the fallout of an American-led strike on Syria could be contained.

The key Indian equity markets traded marginally lower on Monday afternoon weighed on by heightened geo-political tensions in the Middle East, along with broadly negative cues from the Asian markets. On the economy front, Inflation measured by the Wholesale Price Index stood at 2.47% last month, compared with 2.48% in February.

Infosys followed Tata Motors and lost over 3.10% at 1,132 level after the firm cut its margin guidance for FY19, and disclosed plan to sell Panaya and Skava during its Q4 earnings announcement on Friday. The stock was the biggest contributor to the losses on BSE Sensex.

The broader 50 share Nifty of the National Stock Exchange (NSE) was trading lower by 84.25 points (0.80 percent) at 10396.35. The S&P BSE Small-Cap index rose 99.00 points or 0.55 per cent to settle at 17,981.99.

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The 30-share barometer, which cracked the 34,000-mark at the outset, hit a low of 33,899.34 on profit-booking in recent gainers amid sustained outflows by foreign funds.

The index had risen 1,173.88 points in the past seven sessions. Intra-day, it hovered between 10,396.35 and 10,540.15.

Out of 2,048 stocks traded on the NSE, 639 advanced, 1,037 declined and 372 remained unchanged today.

Among the sectoral indices on the BSE, Realty was up 1.82 per cent and Healthcare was up 1.11 per cent.

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