Markets

Sensex falls 339 points; IT stocks drown

NEW DELHI: BSE SENSEX/ NSE NIFTY . PTI GRAPHICS(PTI12_8_2014_000105B)

NEW DELHI: BSE SENSEX/ NSE NIFTY . PTI GRAPHICS(PTI12_8_2014_000105B)   | Photo Credit: PTI

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A benchmark index of Indian equities markets closed Monday’s trade provisionally down 339 points or 1.19 percent.

Heavy selling pressure was observed in all sectors besides the fast moving consumer goods (FMCG) stocks.

Major loosers in the day’s trade were information technology (IT), capital goods, automobile, bank and technology, entertainment and media (TECK) firms.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 28,433 points, closed at 28,119.40 points (provisionally), down 338.60 points or 1.19 percent from the previous day’s close at 28,458.10 points.

The Sensex touched a high of 28,494.85 points and a low of 28,097.12 points in the intra-trade.

The S&P IT index dropped by 344.89 points, capital goods index was lower by 282.15 points, automobile index fell by 263.75 points, bank index plunged by 263.56 points and TECK index went down by 154.49 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed in red. It was down 100.05 points or 1.17 percent at 8,438.25 points.

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Printable version | Jan 27, 2020 8:36:41 PM | https://www.thehindu.com/business/markets/sensex-falls-339-points-it-stocks-drown/article6672747.ece

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