Closing Bell : Sensex drops 520 pts, Nifty at 17,700 pts, IT stocks hit


Mumbai:  Indian indices ended lower on April 17 amidst sharp fall in IT stocks and weak global cues.

At close, the BSE Sensex was down 520.25 points or 0.86 percent at 59,910.75, and the NSE Nifty was down 121.20 points or 0.68percentat 17,706.80. About 1,747 shares advanced, 1.739 shares declined, and 180 shares were unchanged.

Infosys, Tech Mahindra, HCL Technologies, NTPC and Larsen and Toubro were among major losers on the Nifty, while gainers included Nestle India, Power Grid Corporation, SBI, Britannia Industries and Coal India. Infosys stocks down by over 10 percent in today’s session. Meanwhile, Indian rupee closed 12 paise lower at 81.97 per dollar against Thursday’s close of 81.85.

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