INSUBCONTINENT EXCLUSIVE:
Domestic equity benchmarks erased gains after heavyweights HDFC, HDFC Bank, Kotak Mahindra Bank and Infosys came under selling pressure
The SP BSE Sensex fell as much as 636 points from intraday high levels and Nifty 50 index plunged 189 points from the day's highest point
of Control from within Pakistani airspace", a day after Indian fighter jets destroyed a vast terror camp within Pakistan in a pre-dawn
strike.As of 12:09 pm, Sensex traded 132 points lower at 35,841 and the NSE Nifty 50 Index fell 0.58 per cent or 63 points to 10,772."More
correction is seen on the cards if 10,720 breaks on the downside then 10,500 on Nifty can be breached by Friday," AK Prabhakar, head of
research at IDBI Capital, told TheIndianSubcontinent
Geo-political tensions are escalating and investors will try to protect their capital, he added.Eight of 11 sector gauges compiled by the
National Stock Exchange (NSE) were trading lower led by the Nifty Information Technology Index, which was down around 1 per cent
traded lower while 20 advanced.Wipro was the top loser from the Nifty 50 basket, down 3.22 per cent at Rs 375.15
Tata Motors, Bharti Infratel, Vedanta, Bharat Petroleum and Indian Oil were among the top losers.On the flipside, UltraTech Cement, Sun
