The key domestic benchmark indices remained choppy in the late morning trading session after Infosys, India’s second largest software exporter has lowered its revenue guidance (constant currency) for FY17. The company cut its FY17 revenue guidance for second time this year to 8-9 per cent against 10.5-12 forecasted earlier.
At 11:20 hours, the 30-share benchmark index was trading at 27643.76 up by 0.65 points or by 0 per cent while the NSE Nifty was at 8562.25 down by 11.1 points or by 0.13 per cent.
In the choppy trade so-far, Sensex touched intraday high of 27763.54 and intraday low of 27548.18 The NSE Nifty touched intraday high of 8600.2 and intraday low of 8549.8.
The top losers of the BSE Sensex pack were Hindustan Unilever Ltd. (Rs. 841.15,-2.41%), Lupin Ltd. (Rs. 1459.00,-1.45%), Infosys Ltd. (Rs. 1037.15,-1.42%), Bharti Airtel Ltd. (Rs. 303.40,-1.03%), Dr. Reddy’s Laboratories Ltd. (Rs. 3030.65,-0.62%), among others.
The top gainers of the BSE Sensex pack were GAIL (India) Ltd. (Rs. 424.60,+2.66%), Oil And Natural Gas Corporation Ltd. (Rs. 277.00,+1.82%), Larsen & Toubro Ltd. (Rs. 1458.20,+1.52%), Tata Motors Ltd. (Rs. 550.55,+1.15%), Cipla Ltd. (Rs. 588.30,+1.11%), among others.
Among the sectors, In BSE, BSETECk index was at 5587.91 down by -30.8 points or by -0.55%. Zee Entertainment Enterprises Ltd. (Rs. 528.60,-3.35%), Just Dial Ltd. (Rs. 447.70,-1.45%), Infosys Ltd. (Rs. 1036.80,-1.45%), Idea Cellular Ltd. (Rs. 74.90,-1.45%), Inox Leisure Ltd. (Rs. 261.00,-1.42%),.
On the flip side, Oil&Gas index was at 12072.33 up by 155.93 points or by 1.31%. Petronet LNG Ltd. (Rs. 396.20,+4.15%), GAIL (India) Ltd. (Rs. 425.00,+2.76%), Oil And Natural Gas Corporation Ltd. (Rs. 277.15,+1.87%), Indian Oil Corporation Ltd. (Rs. 632.55,+1.03%), Reliance Industries Ltd. (Rs. 1066.90,+0.87%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2503, shares advanced were 1504 while 839 shares declined and 160 were unchanged.
On the global front, Asian peers were trading mixed while the US markets despite recovering from the day’s low ended in red in the last session.