Markets fall in early trade after 8 days of rally - Times of India
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MUMBAI: Benchmark indices declined in initial trade on Thursday after eight days of rally amid weak trends in the US equity markets triggered by fresh concerns over recession. IT counters took a beating in the morning trade which resulted in weak trend in the benchmark indices. The 30-share BSE Sensex fell 164.66 points to 60,228.11 in early trade. The broader NSE Nifty declined 44.45 points to 17,767.95. Among the Sensex firms, Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Wipro , NTPC, Kotak Mahindra Bank and Tata Steel were among the major laggards. The country's largest IT services exporter TCS on Wednesday reported a 14.8 per cent increase in March quarter net profit at Rs 11,392 crore but flagged worries from its key market of North America. Power Grid, Bajaj Finserv , Hindustan Unilever, Nestle, State Bank of India and Maruti were among the gainers. In Asian markets, Seoul, Japan and Shanghai were trading in the green, while Hong Kong