Indian equity indices extend losses, Sensex falls nearly 300 pts

by IANS |

New Delhi, April 12 (IANS) Indian equity indices extended their losses from the previous session and traded lower in early trade on Tuesday.

At 9.46. a.m., Sensex was 0.5 per cent or 295 points down at 58,670 points, whereas Nifty was 0.6 per cent or 112 points down at 17,563 points.

IT stocks are likely to do well as Tata Consultancy Services results indicate robust deal wins and order flows, said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

IT services major Tata Consultancy Services on Monday reported a year-on-year rise of 7.4 per cent in its consolidated net profit for the fourth quarter of FY22 at Rs 9,926 crore.

"TCS results are in line and marginally above expectations. This can support IT stocks even if there is some profit booking," Vijayakumar said.

Latest News
Rishabh Pant storms to No.5, Virat Kohli drops out of top-10 in ICC Test ranking Wed, Jul 06, 2022, 03:56 PM
Afghan Sufi cleric killed in Maharashtra's Nashik, manhunt for assailants Wed, Jul 06, 2022, 03:45 PM
SKorea reports 19,371 new COVID-19 cases Wed, Jul 06, 2022, 03:23 PM
When Nadal arrived at Wimbledon he was unsure; now he's among the favourites: Coach Wed, Jul 06, 2022, 03:07 PM
Jaishankar, Singapore Deputy PM discuss strengthening bilateral relations Wed, Jul 06, 2022, 02:50 PM
Nasser Hussain gives credit for England's resurgence to important decisions taken by Rob Key Wed, Jul 06, 2022, 02:41 PM
SC declines to interfere with anticipatory bail to actor Vijay Babu in rape case Wed, Jul 06, 2022, 02:30 PM
Tamil Nadu juvenile to be tried in regular court for murder Wed, Jul 06, 2022, 02:29 PM
Noida: Tempo overturns after tyre burst, 1 injured Wed, Jul 06, 2022, 02:22 PM
Draupadi Murmu likely to visit Kolkata on Saturday for campaigning Wed, Jul 06, 2022, 02:18 PM
Bihar sees spike in new Covid cases Wed, Jul 06, 2022, 02:14 PM
IAF gets highest number of job applications under Agnipath scheme Wed, Jul 06, 2022, 02:12 PM
Ailing Lalu Yadav to be shifted to Delhi for treatment Wed, Jul 06, 2022, 02:11 PM
Death toll in July 4 Chicago shooting rise to 7 Wed, Jul 06, 2022, 01:36 PM
Argentina affirms IMF debt programme, warns of quarterly target changes Wed, Jul 06, 2022, 01:34 PM