Sensex drops 61 points, TCS falls 5%

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Mumbai: Giving up its early gains, the benchmark BSE Sensex closed lower by 61.16 points at 33,856.78 points on Tuesday.

The broader NSE Nifty managed to end higher for the second day at 10,426.85, up by 5.45 points or 0.05 per cent after shuttling between 10,478.60 and 10,377.85, intra-day.

Shares of Tata Consultancy Services (TCS) fell by 5.22 per cent to Rs 2,892.45 following reports that its promoter Tata Sons is planning to raise around Rs 8,200 crore by selling stake in the IT major.

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