Lagatar24 Desk
Mumbai, Feb 4: The Indian equity indexes continued to slide on Friday, with losses in information technology and auto sectors leading the way. The benchmark BSE Sensex was down 207 points, or 0.35 percent, at 58,581 at 9:18 a.m., while the broader NSE Nifty was down 68 points, or 0.39 percent, at 17,492.
After U.S. markets limited further drops, Asian stocks regained some of their heavy losses from the previous day. Apple posted record holiday quarter sales, exceeding analysts’ expectations. In after-hours trading, the company’s stock increased by more than 5%.
Mid- and small-cap stocks were trading lower in India, with the Nifty Midcap 100 index down 0.43 percent and small-cap stocks down 0.45 percent.
On a stock-by-stock basis, Hero MotoCorp was the worst performer on the Nifty, falling 1.26 percent to 2,746.65. Among the laggards were HCL Tech, Tata Consultancy Services, and Reliance Industries.
ONGC, Tata Steel, Hindalco, JSW Steel, and Grasim Industries, on the other hand, were among the gainers.
On the BSE, the overall market breadth was positive, with 1,713 shares rising and 915 falling.
TCS, Titan, Wipro, HCL Tech, and Infosys suffered the greatest losses on the 30-share BSE platform, with their shares falling as much as 1.28 percent.
Meanwhile, Tata Steel, Shree Cement, Bank of India, InterGlobe Aviation (parent of IndiGo) and One 97 Communications (parent of Paytm) will release their December quarter results later in the day.
