News Karnataka
Friday, March 29 2024
Cricket
Business

Sensex down 175 points

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Mumbai: Lower revenue guidance from Infosys and profit booking led key benchmark stock indices to close in the negative territory though the indices had opened at high levels. The S&P BSE Sensex closed with a loss of 175.40 points at 26904.11, down 0.65 per cent. Similarly, the CNX Nifty of the National Stock Exchange (NSE) closed at 8143.60, down 46.10 points.

“Initially, the bias was positive; however, announcement of quarterly result by IT major Infosys, capped the upside in index. Though the company posted better than expected numbers but factors like lower revenue guidance in dollar terms, CFO resignation and dip in volume growth, dented the sentiments and triggered profit taking,” Jayant Manglik, President, Retail Distribution, Religare Securities said.

Rupee ends flat

The rupee on Monday closed at 64.75 against the dollar, down one paise against Friday’s close of 64.74.

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