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Markets trade volatile; Nifty IT slides over 3%



Sectorally, all indices were in the green except Nifty IT, which was dragged down by Infosys.

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After an extended weekend, the Indian markets opened in the negative on Monday, however, traded flat soon after, amid mixed global cues.

The Sensex traded around 39,250 levels, while the Nifty hovered around 11,700 in the morning trade.

Sectorally, all indices were in the green except Nifty IT, which was dragged down by Infosys.

Shares of Infosys fell 15% in early trade after the company received whistleblower complaints alleging "unethical practices" by CEO Salil Parekh and CFO Nilanjan Roy.

Nifty Financial Services and Nifty Pharma were the top sectoral outperformers up 1.1% each.

Shares of Reliance Industries were up 1% after the company reported an ~18% YoY jump in its consolidated net profit for the quarter ended Septemeber 2019.

Infosys, Tata Motors, and HCL Tech were among the top losers on the Sensex basket, while Yes Bank, TCS, and HUL were among the top gainers. 

Asian share markets inched higher on Tuesday on optimism regarding a Sino-US trade deal and hope that another vote on Brexit would still help avoid a no-deal Brexit.

The Indian rupee opened 24 paise higher at 71.14/$ on lower crude prices. 

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