Sensex opens lower, Nifty below 11,100; ICICI Bank, HDFC, Infosys drag

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Wockhardt, KPIT Technologies, Emami and Laurus Labs declined 1-4 percent while MOIL, Ester Industries, and Mahindra Logistics were down 3-10 percent.

Benchmark indices reversed some previous day’s gains on Tuesday, driven by profit booking in technology, select private banks and index heavyweights ITC & Reliance Industries.

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The 30-share BSE Sensex was down 82.24 points at 36,201.01 and the 50-share NSE Nifty fell 40.20 points to 11,090.20.

TCS, ICICI Bank, ITC, Reliance Industries, HDFC Bank, Infosys, L&T, and Vedanta were early losers whereas Bajaj Auto, Hero Motocorp, Indiabulls Housing, GAIL, BPCL, NTPC, and HPCL were gainers.

Ahead of earnings later today, TVS Motor Company and IOC gained half a percent while Godrej Consumer Products lost 0.6 percent.

Nifty Midcap lost another half a percent, in addition to 0.85 percent loss in the previous session.

Wockhardt, KPIT Technologies, Emami and Laurus Labs declined 1-4 percent while MOIL, Ester Industries, and Mahindra Logistics were down 3-10 percent.


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