Big fall in the market: BSE Sensex falls 700 points, tremendous selling pressure in IT sector

Big fall in the market: BSE Sensex falls 700 points, tremendous selling pressure in IT sector

The Indian stock market is witnessing a decline today, Friday—which is the last trading day of the week. Bombay Stock Exchange’s benchmark index, Sensex, opened today down 181 points at 77,483.80. In early trade, it was seen trading at 76,945, a decline of 0.92 per cent or 716 points. During early trade, out of 30 Sensex stocks, 2 were in the green (up) and 28 were in the red (down). At the same time, Nifty of National Stock Exchange was seen trading at 23,967, which is a decline of 0.85 percent or 205 points.

Heavy fall in IT shares
Today a huge decline is being seen in IT shares. Nifty IT index was seen trading at 29,201 with a decline of 3.06 percent. Apart from this, many other indices also saw a decline: Nifty Media 1.56 per cent, Nifty Auto 0.39 per cent, Nifty FMCG 0.36 per cent, Nifty Metal 0.90 per cent, Nifty Pharma 0.93 per cent, Nifty PSU Bank 0.95 per cent, Nifty Private Bank 0.80 per cent, Nifty Realty 0.36 per cent, Nifty Healthcare Index Nifty fell 0.68 per cent, Nifty Consumer Durables 0.34 per cent, Nifty Oil & Gas 0.60 per cent, and Nifty Midsmall Healthcare 0.42 per cent.

performance of sensex shares
Among the stocks included in the Sensex pack, HCL Tech, Infosys and Tech Mahindra are witnessing the biggest decline. Apart from this, shares of Sun Pharma, TCS, Eicher Motors, BEL, Airtel, ICICI Bank, Maruti, Asian Paints, Power Grid, HUL, Larsen & Toubro, Tata Steel, HDFC Bank, ITC, Adani Ports, Axis Bank, NTPC, Reliance, Trent, Kotak Bank, Bajaj Finance, Titan and Bajaj Finserv are also seen falling. On the contrary, shares of Mahindra & Mahindra, UltraTech Cement, SBI and IndiGo were seen trading with gains.

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