Wednesday, 18 November 2015

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IT stocks continued to suffer for the fourth day with the BSE IT index down nearly 1 per cent. Infosys, which warned about weak margins in Q3 on Monday, was down per cent while HCL Tech fell over 1 per cent.

The market has opened on a flat note following lacklustre global cues Wednesday. The Sensex fell 10.44 points to 25854.03 and the Nifty declined 7.95 points to 7829.60. Infosys fell again on margin warning, down nearly 2 percent. HDFC, TCS, Axis Bank, Hero Motocorp and ONGC were down over 0.4 percent. ITC continued to be lead contributor to Sensex's gains, up 0.5 percent followed by Tata Motors, Lupin.

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