Market Wrap: Sensex drops 216 points lower; Infosys, TCS top lossers

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Market benchmark Sensex dropped 216 points on Friday, dragged by losses in index-heavyweights Infosys, TCS and HDFC Bank.

After trading on a weak note through the day, the 30-share index ended 215.76 points, or 0.53%, lower at 40,359.41. It hit an intra-day low of 40,276.83 and a high of 40,653.17.

ALSO READ: Sensex hits new high- up by 300 points; Reliance Industries gains 3.5%

NSE Nifty settled 54 points, or 0.45%, down at 11,914.40.

Infosys was the top loser in the Sensex pack, dropping 2.89%, followed by TCS, Asian Paints, Bharti Airtel and HCL Tech.

On the other hand, Tata Steel gained 3.74%, NTPC 2.35%, Vedanta 2.27% and ONGC 2.18%.

IT stocks led the fall in the market amid reports of changes in US work visa requirements aimed at protecting American workers, traders said.

Elsewhere in Asia, bourses in Hong Kong, Tokyo and Seoul settled in the green, while Shanghai finished on a negative note.

European equities were also trading on a positive note in their respective early deals.

Meanwhile, the Indian rupee depreciated marginally to 71.79 against the US dollar in intra-day trade.

Brent crude futures, the global oil benchmark, dipped 0.03% to USD 63.95 per barrel.

(With Agency Inputs)

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