Sensex falls, Midcap outperforms; L&T Infotech lists at discount

Equity benchmarks erased early gains but the broader markets continued to outperform with the BSE Midcap and Smallcap indices rising 0.4-0.6 percent.
The 30-share BSE Sensex was down 31.02 points at 27884.87 and the 50-share NSE Nifty fell 5.80 points to 8560.05. About 1071 shares advanced against 795 declining shares on the Bombay Stock Exchange.
L&T Infotech listed at a 6 percent discount on the exchange. The stock opened at Rs 667 against issue price of Rs 710.
Axis Bank lost another 1.6 percent, in addition to 1 percent loss in previous session ahead of Q1 earnings on Friday.
Reliance Industries, TCS, L&T, ICICI Bank and Dr Reddy’s Labs were other losers in trade while ITC, Asian Paints, HDFC Bank, Tata Motors, ONGC and Sun Pharma were gainers.


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