Sensex Slides Near 900; L&T Up, Infosys Down

Sensex open: It opened 345.23 points lower at 73,253.44, against Tuesday’s close of 73,598.67. Nifty open: The Nifty50 opened about 0.31% lower at 22,678, against a close of 22,749.75. Selling deepened: By about 10:57 AM the Sensex was down around 886 points (1.2%) at 72,712.71, and the Nifty was down 221 points (0.97%) near 22,528. Top gainer:

led, up over 5% after its Q2 results. At 10:54 AM it was up 4.13% at ₹3,816.40 on the Nifty. Other gainers: Apollo Hospitals (+3.11%), IndusInd Bank (+1.81%) and Bajaj Auto (+1.27%) also gained, along with SBI and Trent. Top loser: Infosys fell the most, down 3.98% in early trade, with Tech Mahindra, HCL Tech and TCS also lower. Sectors: Nifty IT fell more than 3%, and IT and FMCG were the biggest sectoral laggards. Global cues: Asian stocks rallied on a resurgence in AI enthusiasm after a surge in US stocks, but that did not lift Indian IT shares. Jio Platforms: The stock listed at a 21% premium, and Elara initiated coverage with a ‘Buy’.