opened sharply lower on Tuesday on weakness in Asian peers after the launch of
missile by North Korea.
The 30-share BSE
Sensex was down 128.02 points at 31,622.80 and the 50-share NSE Nifty fell
41.95 points to 9,870.85.
ACC, Bank of Baroda
and Tata Power were under pressure, down 1-2 percent after NSE decided to
exclude these stocks from Nifty50. HPCL and UPL gained up to 2 percent on
addition in Nifty50.
Nifty Midcap was
down 0.5 percent on market breadth. About two shares declined for every share
rising on the NSE.
DLF lost further,
down 2 percent after losing 3.6 percent in previous session despite GIC deal.
Healthcare, JP Associates, Biocon and Amara Raja Batteries gained up to 5
percent while Jaypee Infra, RBL Bank, 8K Miles, Dish TV, Bata India and
Reliance Infrastructure fell up to 4 percent.
Sensex up over 150 pts, Nifty hits 9900; Nilekani lifts Infosys 4%
started off the week on a strong note, with the Nifty reclaiming 9,900 level,
largely driven by Infosys.
The 30-share BSE
Sensex was up 154.47 points at 31,750.53 and the 50-share NSE Nifty gained
40.15 points at 9,897.20.
Infosys surged 4
percent as CLSA upgraded the stock to buy from underperform and raised target
price to Rs 1,070 from Rs 940 after co-founder Nandan Nilekani joined the
company again as non-executive chairman. CEO choices & strategy should
improve, the research house said.
Bank, Eicher Motors, Reliance Industries, Hindalco Industries, Sun Pharma and
ONGC were other gainers.
Dr Reddy's Labs,
Hero MotoCorp, Asian Paints and ITC were under pressure.
Nifty Midcap gained
0.4 percent as about four shares advanced for every share falling on the
Enterprises, Adani Power, Future Enterprises, Suzlon Energy, Ansal Housing,
Nestle India, Bajaj Finserv and Bajaj Finance rallied up to 6 percent whereas
PC Jeweller, Titan Company, Strides, Wockhardt and Cadila Healthcare were under