Indian Equity Indices Extend Losses From Previous Session, Sensex Falls Nearly 300 Points
Indian equity indices extended their losses from the previous session and traded lower in early trade on Tuesday.
New Delhi, April 12: Indian equity indices extended their losses from the previous session and traded lower in early trade on Tuesday.
At 9.46. a.m., Sensex was 0.5 per cent or 295 points down at 58,670 points, whereas Nifty was 0.6 per cent or 112 points down at 17,563 points.
IT stocks are likely to do well as Tata Consultancy Services results indicate robust deal wins and order flows, said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
IT services major Tata Consultancy Services on Monday reported a year-on-year rise of 7.4 per cent in its consolidated net profit for the fourth quarter of FY22 at Rs 9,926 crore. NSE Scam: Chitra Ramkrishna's Judicial Custody Extended Till April 11.
"TCS results are in line and marginally above expectations. This can support IT stocks even if there is some profit booking," Vijayakumar said.
(The above story first appeared on LatestLY on Apr 12, 2022 10:16 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).