Infosys dropped by 2.55 percent even as the company said it has signed a five-year agreement with Lansforsakringar AB (LFAB) to provide application development and management support for its life and non-life insurance business.
The sensex resumed higher at 21,872.68 and firmed up further to 21,893.42 on initial buying mainly in Refinery, Power, Metal and Banking sectors in view good foreign capital inflows. However, it declined afterwards to 21,798.07 before quoting at 21,808.50 at 0950hrs, showing a loss of 24.11 pts or 0.11 percent from its last close.
The NSE 50-share Nifty also eased by 2.75 points or 0.04 percent to 6,513.90 at 0950hrs. Other major losers were TCS 4.83 pct and Wipro 1.73 percent. Gail India (2.04 pct), Coal India (1.76 pct), REL Ind (1.44 pct), HDFC (1.16 pct) and Tata Power (1.16 pct) showed a rise.
Foreign institutional investors (FIIs) bought shares worth a net Rs 1,011.95 crore on Tuesday as per provisional data from the stock exchanges. Asian stocks fell on Wednesday as investors weighed the prospect of further sanctions against Russia and awaited the Federal Reserve's policy statement.
Key benchmark indices in South Korea, Taiwan, Singapore, Japan and China fell 0.05 pct to 0.68 pct while indices in Indonesia and Hong Kong rose 0.1 pct to 0.58 pct.
US stocks climbed on Tuesday as housing data bolstered confidence in the economy. Vladimir Putin stating that Russia isn't seeking to split Ukraine also aided the rise in shares.


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