FIRST TRADE: Sensex down over 300 pts; Nifty below 19,750; Infosys slips 2%

Stock market today: Domestic equity indices on Friday, October 13, opened in the negative territory amid pressure due to a cut in revenue outlooks by information technology (IT) stocks, Infosys, and HCL Technologies and inflationary concerns in the U.S.

Last seen, both indices traded 0.65 per cent lower, S&P BSE Sensex was down 433.09 points at 65,975.3 and NSE Nifty was down 129.6 points at 19,664.4.

In the broader market, Nifty Mid Cap 100 and Small Cap 100 opened in the red.

Nifty Bank was down 0.79 per cent at 44,247.1 after UBS downgraded Indian banks.

BUZZING STOCKS 

HDFC AMC stock was uo over 5 per cent a day after the company posted its Q2 numbers.

Angel One shares were up over 5 per cent post-Q2 results. 

IRCON International and RITES shares were over 3 per cent higher after they got listed under Navratna companies.

HCL Technologies shares were up over 2 per cent post-Q2 results.

360 One WAM shares were up over 2 per cent after multiple bulk deals. 

Conversely, Infosys shares were down over 2 per cent after the IT firm lowered its full-year revenue forecast for the second time in a row.

Axis Bank shares were down over 2 per cent after UBS downgraded the stock to 'Neutral' and cut its target price. 

GLOBAL MARKETS 

Asian shares slid on Friday while the dollar was firm after U.S. consumer prices increased more than expected, bolstering the case for the Federal Reserve to keep rates higher for longer.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.94 per cent on Friday, on course for its biggest one-day percentage drop in a week, having scaled a three-week high on Thursday.

(With agency inputs)

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