The Sensex and the Nifty fell in early trade dragged
lower by heavyweight IT major Infosys, which fell almost 5 per cent in early trade.
The Sensex was trading lower by 78 points
at 24,478 points, while the Nifty dropped 18 points in trade. Other IT
stocks were also lower along with Infosys with TCS, Wipro and Tech Mahindra
among the losers. HCL Tech, however, was trading steady.
Other Nifty losers in trade were State Bank
of India, Coal India and Bhel. Hero Motor Corp fell 2 per cent after a
leading brokerage downgraded the stock to a sell. Tata Motors was trading
marginally lower ahead of its results to be declared later today.
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