BSE Sensex down 45 pts in early trade; TCS stock rallies
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BSE Sensex fell over 45 points in early trade today as funds and retail investors booked profits after three days of gains, even as TCS shares rallied nearly 4 per cent after encouraging June quarter results amid a weak global trend.
The 30-share index declined by 45.82 points, or 0.17 per cent, to 25,515.34 with realty, power, PSU and metal sector indices leading the fall. The index had gained 554.44 points in the previous three sessions.
The National Stock Exchange Nifty moved down by 16.85 points, or 0.22 per cent, to 7,623.60.
Brokers said besides profit-booking by speculators after the recent rally, a weak global trend due to geopolitical tensions arising out of downing of Malaysian Airlines plane in Ukraine contributed to the decline.
They said, however, surge in IT sector stocks averted any major fall.
Shares of Tata Consultancy Services, India's largest IT company, climbed 3.52 per cent to Rs 2,464.95 after it posted a 45 per cent jump in consolidated net profit at Rs 5,568 crore for the first quarter ended June 2014.
Buying activity also emerged in other IT stocks such as Wipro and Infosys which rose up to 2.53 per cent.
Among other Asian markets, Hong Kong's Hang Seng was down 0.87 per cent while Japan's Nikkei fell 1.28 per cent in early trade today.
The US Dow Jones Industrial Average ended 0.94 per cent lower in yesterday's trade.
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AAP supremo Arvind Kejriwal on Thursday intensified his criticism of the BJP-led central government, accusing it of failing to ensure law and order in Delhi.
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The High Court on Thursday refused to ban ISKCON's activities in Bangladesh, a local newspaper reported days after a lawyer was killed in a clash between security personnel and supporters of a Hindu leader arrested on sedition charges.
The lawyer had sought a ban from the high court on the International Society for Krishna Consciousness (ISKCON) after placing some newspaper reports related to the organisation on Wednesday.
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The Manipur government on Thursday announced that classes in schools and colleges in Imphal Valley districts and Jiribam would resume from November 28 after a hiatus of 13 days.
Educational institutes in these districts have remained closed since November 16 after the dead bodies of three women and three children in Jiribam were recovered from the Jiri and Barak rivers in Manipur and Assam respectively.
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Eknath Shinde, who served as chief minister in the outgoing Maharashtra government, is unlikely to accept the post of deputy CM in the new dispensation, his close aide Sanjay Shirsat said on Thursday.
Shirsat, an MLA and spokesperson of the Shiv Sena, however, said Shinde would be a part of the cabinet.
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Toripalimab, a New Biological Entity (NBE), is the only immuno-oncology drug approved by regulatory authorities like the USFDA, EMA, and MHRA for treating adults with recurrent or metastatic nasopharyngeal carcinoma (RM-NPC). It is globally recognised for its efficacy in this indication, the Hyderabad-based company said in a statement.
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