Sensex slumps 117.57 points, Wipro tanks
Mumbai, April 25 (IANS) A benchmark index for Indian equities markets was trading 117.57 points lower in the afternoon session Wednesday, affected by a decline in the shares of IT and power firms whose share prices came down by over 7 percent.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the positive at 17,225.54 points, was ruling at 17,093.70 points in the late afternoon session, 0.66 percent or 113.59 points lower from its previous close at 17,207.29 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was trading 0.83 percent lower at 5,179.05 points.
Scrips of India's third largest IT bellwether Wipro which reported 7.7 per cent increase in consolidated net profit were trading 7.08 percent lower at Rs.411.10.
Shares of Gail India were 2.99 percent lower to trade at Rs.337.85 while Bharat Heavy Electricals Ltd (BHEL) was ruling 2.06 percent lower at Rs.232.40.
State Bank of India (SBI), 2.02 percent lower at Rs.2,144.25 and ICICI Bank 1.72 percent lower at Rs.832.90 were among the other top Sensex losers.
The country's leading telecom firm Bharti Airtel was, however, trading 1.84 percent up at Rs.312 while Maruti Suzuki was ruling 0.94 percent up at Rs.1,378.30.
Other major gainers were: Hero MotoCorp up 0.90 percent at Rs.2,215; Sterlite Industries 0.85 percent up at Rs.106.70 and HDFC Bank 0.20 percent up at Rs.542.80.
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