Indian equities end lower after a five-day rally, with declines led by IT stocks amid global uncertainties. The BSE Sensex falls by 607.08 points (about 0.78%) to close at 76,802.90, while the NSE Nifty 50 drops by 154.90 points (about 0.64%) to finish at 24,013.10. Multiple Sensex constituents contribute to the downturn, particularly in the information technology sector. Infosys declines by more than 8%, Tata Consultancy Services falls about 6%, Tech Mahindra trades around 5% lower, and HCL Tech is down about 4.9%. Other laggards also appear among broader index holdings, including HDFC Bank and Tata Steel, though IT stocks are identified as the main drag. The sell-off follows a prior five-session advance, with market sentiment turning negative by the end of the trading day as investors factor in external risks.
Sensex, Nifty pull back after five-day rally as IT stocks fall
Indian equities end lower after a five-day rally, with declines led by IT stocks amid global uncertainties. The BSE Sensex falls by 607.08 points (about 0.78%) to close at 76,802.90, while the NSE Nif...
- The BSE Sensex closes down 607.08 points at 76,802.90.
- The NSE Nifty 50 closes down 154.90 points at 24,013.10.
- The pullback follows a five-day rally in the market.
- IT stocks drive much of the decline, with Infosys, TCS, Tech Mahindra, and HCL Tech falling sharply.
- HDFC Bank and Tata Steel are also among the notable laggards.
The 30-share BSE Sensex dropped 607.08 points, or 0.78%, to settle at 76,802.90 and the 50-share NSE Nifty declined 154.90 points, or 0.64%, to end at 24,013.10
18 hours agoThe BSE Sensex dropped 607.08 points to 76,802.90, and the NSE Nifty 50 fell 154.90 points to 24,013.10
18 hours agoFrom the 30-Sensex firms, Infosys dived over 8%, Tata Consultancy Services tumbled 6%, Tech Mahindra traded 5% lower and HCL Tech declined 4.9%. HDFC Bank and Tata Steel were also among the laggards
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