Sensex Slips 483 Points, Nifty Settles Below 17,700; IT Stocks Drag
NDTV
The Indian equity benchmarks on Monday traded lower, dragged by information technology (IT) stocks as market participants shifted their focus on quarterly earnings.
The Indian equity benchmarks on Monday traded lower, dragged by information technology (IT) stocks as market participants shifted their focus on quarterly earnings. IT major Tata Consultancy Services (TCS) will start the March quarter 2021-22 (FY22) corporate results season later in the day.
The 30-share BSE Sensex tumbled 483 points or 0.81 per cent to close at 58,965, while the broader NSE Nifty moved 109 points or 0.62 per cent lower to settle at 17,675.
Mid- and small-cap shares finished on a mixed note as Nifty Midcap 100 index rose 0.62 per cent and small-cap edged 0.06 per cent lower.
10 out of the 15 sector gauges -- compiled by the National Stock Exchange -- ended in the red. Nifty IT and Nifty Financial Services underperformed the index by falling as much as 1.41 per cent and 0.56 per cent, respectively.
