Sensex slips 100 pts, broader markets outperform; IT, Metal drag

Bse-sensex-Weak-22-points-in-early-trade-07-05-2014

Equity benchmarks extended losses in noon trade, with the Sensex falling more than 100 points, weighed by technology and metals stocks.

Infosys was the biggest loser among Sensex stocks, down nearly 3 percent after Q4 earnings and FY18 guidance missed analysts’ expectations but change in capital allocation policy capped losses in the share price.

The 30-share BSE Sensex was down 108.19 points at 29,535.29 and the 50-share NSE Nifty fell 32.80 points to 9,170.65 while the BSE Midcap index was flat and Smallcap gained half a percent.

The market breadth was positive as about 1472 shares advanced against 1156 declining shares on the BSE.

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