Sensex Down After TCS Results, IT Stocks Slip

17/04/2015 11:30 AM IST | Updated 15/07/2016 8:25 AM IST
Indian pedestrians walk on Dalal Street - Trader's Street - next to the Bombay Stock Exchange (BSE) in Mumbai on March 7, 2014. Indian share prices surged to a record high as the BSE benchmark Sensex index reached 21,866.51 points for the first time. AFP PHOTO/INDRANIL MUKHERJEE (Photo credit should read INDRANIL MUKHERJEE/AFP/Getty Images)

MUMBAI — The benchmark Bombay Stock Exchange (BSE) Sensex fell almost 65 points in early trade on Friday following losses in IT stocks, after Tata Consultancy Services (TCS) reported a 27 per cent dip in its March quarter net profit.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also trading 23.45 points or 0.27 percent down at 8,683.25 points.

Also read: TCS Celebrates 10 Years Of Public Listing By Offering Rs 2,628 Crore Bonus To Employees

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 28,682.97 points, was trading at 28,642.59 points (at 9.27 a.m.) in the early session, down 23.45 points or 0.08 percent from the previous day's close at 28,666.04 points.

The Sensex touched a high of 28,696.19 points and a low of 28,614.69 points in the trade so far.

Good buying was observed in oil and gas sector, while selling pressure was seen in IT and banking sectors.

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