Sensex, Nifty trade lower, Infosys shares fall 3%

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The flagship Sensex during the session swung both ways -nearly 408 points - on hectic selling and buying activity by participants. The Dow slid 0.5% percent to 24,360.14, the Nasdaq corrected 0.5% to 7,106.65 and the S&P 500 fell 7.69 points or 0.3% to 2,656.30.

The Sensex touched a high of 34,341.46 points and a low of 33,899.34 points during the intra-day trade.

SGX Nifty is now trading in the red down 50 points at 10,452.

Meanwhile, domestic institutional investors (DIIs) bought equities worth a net Rs 306.05 crore on Friday, as per provisional data.

The major gainers on the BSE were Hero MotoCorp, Kotak Mahindra Bank, Adani Ports, Mahindra and Mahindra and Bajaj Auto, while Tata Motors, Tata Motors (DVR), Infosys, State Bank of India and ONGC were among the main losers.

Tata Motors Ltd shares declined over 2% after a news report said that Jaguar Land Rover is planning to cut almost 1,000 jobs as it scales back production at some of its United Kingdom sites. The loss came mainly on back of IT stocks as the Nifty IT sub-index was down 1.30 per cent.

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Shares of Infosys, the country's second-largest IT services company, closed 3.3 percent lower after declining as much as 6 percent.

RIl 0.17 per cent, Bharti Airtel 0.16 per cent, Wipro 0.15 per cent and Coal India 0.09 per cent.

BSE sectoral indices, led by IT, Teck, oil and gas, PSU, power, infrastructure and banking stocks, declined up to 1.45 per cent. The S&P BSE Small-Cap index rose 99.00 points or 0.55 per cent to settle at 17,981.99.

Among other Asian markets, Hong Kong's Hang Seng shed 1.44%, while Shanghai Composite Index was down 1.05% in early trade.

This is published unedited from the PTI feed.

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