declined nearly half a per cent in Thursday’s early deals, dragged by tech stocks, ahead of the weekly F&O expiry later in the day.
The S&P BSE Sensex fell 200 points to 49,260 levels and the Nifty50 index fell below 14,550 levels. Infosys tumbled 4 per cent in opening deals as investors booked profit after the company largely beat Street estimates on all fronts for the December quarter results. Among other IT stocks, HCL Tech and Tech Mahindra also slipped 2 per cent each.
Besides, Hindustan Aeronautics surged as high as 12 per cent in early deals after the government approved procurement of 83 indigenously-developed light combat aircraft ‘Tejas’ for the Indian Air Force at a cost of Rs 48,000 crore.
Majority of the Nifty sectoral indices were trading higher, although the Nifty IT index dipped 2 per cent.
Den Networks, HFCL, Reliance Industrial Infrastructure, Tata Steel Long Products, Websol Energy System and Digicontent will announce their quarterly earnings on January 14.