Sensex, Nifty trade lower, Infosys shares fall 3%

Sensex, Nifty trade lower, Infosys shares fall 3%

The correction in the market was witnessed as traders reacted negatively to a report from the University of MI showing a bigger than expected drop in consumer sentiment in the month of April.

Weak Asian shares also weighed on sentiments.

On the NSE, the top gainers were Cipla, Grasim Industries and Hero MotoCorp, while the top losers were Tata Motors, Infosys and Wipro.

According to government data, inflation based on wholesale prices eased marginally to 2.47 per cent in March on cheaper food articles, especially pulses and vegetables.

The 30-share Sensex, which cracked the 34,000-mark at the outset, hit a low of 33,899.34 on profit-booking in recent gainers amid sustained outflows by foreign funds. Its stock was one of the biggest contributors to the losses in the Sensex pack.

Weibo reverses homosexuality policy in China: 'We're no longer targeting gay content'
In addition to gay people, the country's liberals who were enraged by the crackdown also made their voices heard. In response to the online protests, Weibo announced on Monday that LGBT content would be exempt from censorship.

Yankees-Tigers doubleheader called off
The Detroit Tigers are coming off being swept by the Cleveland Indians and have just one win in five home games this season. The Tigers have a scheduled off day on Monday and then will start a three-game home series against the Baltimore Orioles.

FC soldiers martyred, 5 injured in cross-border firing from Afghanistan
According to Azadi Radio, Pakistani forces are shelling Afghan border posts in Zazi Maiden. He added that local villagers and the Afghan Border Police retaliated with gunfire.

IT heavyweight Infosys fell over 3 per cent on lower-than-expected margin guidance for fiscal year 2018-19.

The US Dow Jones Industrial Average ended 0.50 per cent lower in Friday's trade.

India's exports dipped by 0.66 per cent to Dollars 29.11 billion in March, even as they increased by 9.78 per cent for the full 2017-18 fiscal.

Key equity indices Nifty50 and Sensex extended their gains for the eighth consecutive session on Monday, the longest winning streak since November 2017, buoyed by gains in the select bank, financial, FMCG, IT and auto stocks. The 50-share Nifty50 index closed the day 48 points, or 0.46 per cent up, at 10,528 with 34 stocks in the green. Intra-day, it hovered between 10,396.35 and 10,540.15.

The BSE market breadth was, however, bearish with 1,430 declines and 1,232 advances.

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