Nifty ends with 77 points lower

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Benchmark share indices ended lower amid disappointing March quarter earnings from IT major Infosys.

The 30-share Sensex provisionally ended down 252 points at 27,483 and the 50-share Nifty ended down 77 points at 8,321.
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(Updated at 14:50PM)

Benchmark share indices slipped further amid disappointing March quarter earnings from IT major Infosys.

At 14:50PM, the 30-share Sensex was down 316 points at 27,418 and 50-share Nifty was down 103 points at 8,295.

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(Updated at 14:25PM)

Benchmark share indices slipped further amid disappointing March quarter earnings from IT major Infosys.

At 14:25PM, the 30-share Sensex was down 177 points at 27,558 and 50-share Nifty was down 60 points at 8,338.

Infosys reported a net profit of Rs 3,097 crore and revenue of Rs 13,411 crore while dollar revenue came in lower-than-expected down 2.7% at $2,159 for the March quarter. The board also announced a bonus in the ratio of 1:1.

Infosys was down nearly 1% post the results announcement while HDFC, L7T, Axis Bank and HUL were the other Sensex losers.
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(Updated at 12:49PM)

Benchmark indices remain under pressure and are moving in a narrow range after trimming some of the losses as gains in ITC and TCS helped offset some of the losses in financials, capital goods and select pharma shares.

At 12:49PM, the 30-share Sensex was down 118 points at 27,617 and the 50-share Nifty was down 43 points at 8,355.

In the broader market, both the BSE Midcap index, down 1% and Smallcap index, down 1.7% have underperformed the front-liners.

Market breadth on the BSE is negative with 1,814 advances against 623 advances.

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