The CNX Midcap index has plunged 1.3 percent to 12,722, and the Smallcap index has tanked 2.3 percent to 5,581.
The market continues to languish in negative zone on the back of unabated selling pressure in banking stocks.
The Sensex has now shed 170 points at 27,565, and the Nifty has declined 31 points to 8,398.
The broader market continues to trade with significant losses. The CNX Midcap index has plunged 1.3 percent to 12,722, and the Smallcap index has tanked 2.3 percent to 5,581.
The breadth too remains extremely bearish, with nearly 1,200 declining stocks as against 280 advancing shares.
Infosys nose-dived to a low of Rs. 2,054 after the company reported Q4 earnings slightly below Street expectations. The company reported a net profit of Rs. 3,097 crore, while total revenue stood at Rs. 12,411 crore. The stock, however, has recouped losses and is now down 0.5 percent at Rs. 2,111.
Cipla and Sesa Sterlite remain the major losers, with losses of over 3 percent each. Hindustan Unilever and HDFC too have tanked nearly 3 percent each at Rs. 877 and Rs. 1,241, respectively.
Yes Bank, Hindalco, Zee Entertainment, Larsen & Toubro, IndusInd Bank, Tech Mahindra, Mahindra & Mahindra, Bank of Baroda, Axis Bank and BPCL are the other major losers.
NMDC has extended gains and is now up 3 percent at Rs. 128. Lupin has gained 2.2 percent at Rs. 1,764.
ITC too has advanced nearly 2 percent to Rs. 349. TCS, Maruti, Tata Motors, Cairn India and Sun Pharma are the other major gainers.
The Sensex has now shed 170 points at 27,565, and the Nifty has declined 31 points to 8,398.
The broader market continues to trade with significant losses. The CNX Midcap index has plunged 1.3 percent to 12,722, and the Smallcap index has tanked 2.3 percent to 5,581.
The breadth too remains extremely bearish, with nearly 1,200 declining stocks as against 280 advancing shares.
Infosys nose-dived to a low of Rs. 2,054 after the company reported Q4 earnings slightly below Street expectations. The company reported a net profit of Rs. 3,097 crore, while total revenue stood at Rs. 12,411 crore. The stock, however, has recouped losses and is now down 0.5 percent at Rs. 2,111.
Cipla and Sesa Sterlite remain the major losers, with losses of over 3 percent each. Hindustan Unilever and HDFC too have tanked nearly 3 percent each at Rs. 877 and Rs. 1,241, respectively.
Yes Bank, Hindalco, Zee Entertainment, Larsen & Toubro, IndusInd Bank, Tech Mahindra, Mahindra & Mahindra, Bank of Baroda, Axis Bank and BPCL are the other major losers.
NMDC has extended gains and is now up 3 percent at Rs. 128. Lupin has gained 2.2 percent at Rs. 1,764.
ITC too has advanced nearly 2 percent to Rs. 349. TCS, Maruti, Tata Motors, Cairn India and Sun Pharma are the other major gainers.
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