Sensex Falls Over 300 Points, Nifty Trades Below 17,400. IT Stocks Drag

Sensex Falls Over 300 Points, Nifty Trades Below 17,400. IT Stocks Drag

The two key equity benchmarks, Sensex and Nifty, on Thursday opened flat tracking subdued global sentiments. Both the domestic indices opened on a flat note. While

At 9.55 am, the BSE Sensex slipped 322 points to 59,089. On the other hand, the NSE Nifty50 was trading at 17,370, down 81 points.

On the 30-share Sensex platform, TCS, Infosys, TechM, Axis Bank, Airtel, Maruti, M&M all went down in early morning trade. On the flip side, Bajaj Finserv, L&T, UltraCemco, ICICI Bank, SBI, Tata Steel, and IndusInd Bank emerged winners.

Among individual stocks, shares of RVNL soars over 8 per cent after it emerges as the lowest bidder to manufacture 200 Vande Bharat trains. Besides, shares of KNR Constructions surged over 2 per cent after it received order to build six lane access controlled Greenfield Highway along Bengaluru-Vijayawada economic corridor.

In the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 indices gained up to 0.2 per cent.

Sectorwise, Nifty Media, and Nifty Private Bank indices were off to a decent start, whereas, Nifty IT index was the worst hit as it declined nearly 1 per cent.

In the previous session on Wednesday, the S&P BSE Sensex closed with a gain of 449 points at 59,411, while the NSE Nifty ended 147 points higher at 17,451.

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