Nifty, Sensex trade Lower; IT Stocks Fall

After a heavy fall in Monday’s session, Indian equity markets opened lower Tuesday following sluggish global markets. At the very opening, the Nifty quoted below 11,490-mark

At 10.25am, the BSE Sensex stood at 38520.76 down 199-points, while the nifty scaled at 11,489, down by 69-points.

Titan co, UPL, Asian paint, HDFC and Kotak Bank were among major Nifty losers, in reverse Yes Bank, IOC, SunPharma, NTPC and PowerGrid  led the loss.

Across Sector stocks, the Nifty Pharma, PSU Bank and realty are trading marginally higher on the NSE, while selling is seen Nifty bank, Nifty Auto, Financial Service, FMCG, IT, Media and metal

Among stocks, TCS slipped 2.5% at Rs.2120.95 ahead of Q1 results today.

Shares of Titan Company slumped 13.81 at Rs1079.45 % after the company said that after its growth in jewelry segment lower than planned in first quarter..

Shares of MindTree down 3.51% after Morgan Stanley retained a rating-underperform with a target price of Rs.820.

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