Today Latest Stock Market News by CapitalHeight

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Today The Stock market is under selling pressure as corporate earnings for March quarter is underway. The Sensex is down 85.03 points at 28581.01 and the Nifty is down 49.00 points at 8657.70. About 787 shares have advanced, 1017 shares declined, and 135 shares are unchanged. IT stocks are in deep red dragged by disappointing March quarter results by TCS.
The stock is down 4 percent while Wipro slips 2 percent. Other losers are Bajaj Auto, Axis Bank and Hero Moto. Sesa Sterlite, Tata Steel, Hindalco, Reliance and HUL are among major gainers in the Sensex. Some buying activity is seen in oil and gas, FMCG, metal and realty sectors, while IT, consumer durable, banking and auto sectors are showing weakness on BSE.
Reliance Industries, Sun Pharma, ONGC, Hindalco Industries and Bharti Airtel are among the gainers, whereas TCS, Bajaj Auto, Wipro and Hero Motocorp are losing sheen on BSE.In the Nifty space - TCS slipped 2.4 percent to Rs. 2,520. Lupin, Tech Mahindra and IndusInd Bank have dropped over 2 percent each. Ultra-tech, Wipro, HCL Technologies, Bajaj Auto and Yes Bank are the other prominent losers.