Nifty back above 10500 mark; Cipla, TCS stocks gain

Tension in Middle East pull back Indian indices

Negative global cues depress domestic equity indices

The indexes entered positive territory almost 2.5 hours before the market closing after U.S. air strikes on Syria appeared to be having scant impact on trading, and oil prices fell back. Midcaps have fared better than benchmark indices, hinting at revival in risk appetite.

The benchmark BSE Sensex fell almost 300 points as it went below 34000-mark in early trade amid weak Asian Cues after a US-led strike on Syrian targets fuelled fresh geopolitical concerns. IMD's monsoon forecast will further boost overall market sentiment.

However, the gains were limited as IT services firm Infosys Ltd reeled under selling pressure after its margin forecast fell short of market expectations.

Auto major Tata Motors share price declined over 5% today in the wake of reports that the company owned car-maker in UK, Jaguar Land Rover may cut almost 1,000 jobs.

U.S. pastor faces terror charges in fraught trial in Turkey
Turkey has formally sought the extradition of Mr Gulen, but the United States says it has not been given sufficient evidence to back up the request.

As of 10:25 am, Infosys shares traded 3.07 per cent lower at Rs 1,135.50. It was top loser on Sensex and Nifty.

Key indices on Monday opened lower tracking mixed Asian cues.

Other major laggards were Wipro, Tata Motors, ONGC, Axis Bank, NTPC, RIL, Dr. Reddy's, SBI, ICICI Bank, Bharti Airtel, Asian Paints, Maruti Suzuki and Tata Steel, falling by up to 1.54 percent.

Foreign portfolio investors (FPIs) and foreign institutional investors (FIIs) sold shares worth Rs 1,487.82 crore during the week, as per Sebi's record including the provisional figure of April 13, 2018. While the Sensex recovered about 406 points from its intra day lows and closed 112 points or 0.33% higher at 34,305 level, the Nifty rose 0.46% higher at 10,528 level. Sectoral indices led by Tech, IT, PSU, Power, oil and gas, infrastructure and banking stocks declined up to 1.45 percent. Both these indices outperformed the Sensex.

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