Sensex off day’s low, Nifty above 9050; ITC, HDFC, Infosys support

Epic Update Infosys
Epic Update Infosys

Equity benchmarks recouped some losses in afternoon, backed by ITC, HDFC and Infosys that gained half a percent each.

The 30-share BSE Sensex was down 127.08 points at 29,294.32 and the 50-share NSE Nifty fell 44.45 points to 9,063.55, dragged by Reliance Industries after Sebi order and weak global cues.

The rupee hit a nearly 1-1/2 year high against the dollar today, tracking gains in Asian currencies after US President Donald Trump’s failure to pass a healthcare reform bill raised concerns about the chances of a US fiscal stimulus.

European markets moved lower as investors adopted a cautious tone on the back of US President Donald Trump’s surprise failure.

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