Sensex finishes in the red again as IT stocks take a beating
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Sensex finishes in the red again as IT stocks take a beating

By Reuters

  • 28 Feb 2019
Sensex finishes in the red again as IT stocks take a beating
Credit: Reuters

Indian shares ended lower on Thursday amid expectations that tensions between nuclear-armed India and Pakistan will not escalate further, while investors awaited a key economic data due later in the day.

The United States, China and other world powers have urged restraint from the two nations as tensions escalate following tit-for-tat airstrikes in the wake of a suicide car bombing that killed at least 40 Indian paramilitary police in Indian-controlled Kashmir on February 14.

The broader NSE Nifty closed 0.13 percent lower at 10,792.50, while the benchmark BSE Sensex was down 0.11 percent at 35,867.44.

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In February, the NSE index slipped 0.4 percent, while the BSE index finished over 1 percent lower.

Blue-chip IT stocks were hammered, with Tata Consultancy Services Ltd, the top drag on the NSE index, closing 3.6 percent lower.

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