Sensex down 65 pts in early trade, TCS falls 3 pc

Mumbai: The benchmark BSE Sensex fell almost 65 points in early trade today following losses in IT stocks, after TCS reported a 27 per cent dip in its March quarter net profit at Rs 3,858.2 crore.

Besides, a mixed trend in the other Asian markets also influenced the trading sentiment here.

The 30-share index fell by 64.73 points or 0.22 per cent to 28,601.31 with IT, tech, consumer durables, banking and healthcare stocks leading the fall.

The gauge had lost 378.40 points in previous two sessions.

On similar lines, NSE Nifty edged lower by 28.50 points or 0.32 per cent to 8,678.20.

Shares of TCS dropped by 3 per cent to Rs 2,507.50 in early trade.
 
Other IT stocks which also declined were were Wipro at 1.61 per cent to Rs 591.65 and Infosys 0.28 per cent to Rs 2,185.

Bucking the trend, stocks of Reliance Industries rose 1.57 per cent to Rs 942 on expectations of encouraging Q4 numbers, which are to be announced after trading hours today.

Among other Asian markets, Japan's Nikkei was down 1.59 per cent while Hong Kong's Hang Seng was up 0.35 per cent in morning trade today.

The US Dow Jones ended 0.04 per cent lower in yesterday's trade.