• Sensex and Nifty close down as IT firms plummet; Infosys is down 10%

    Business
    Sensex and Nifty close down as IT firms plummet; Infosys is down 10%

    The Nifty IT index was the biggest loser, down 4.71 percent at the close. However, most other sectoral indexes rose, led by PSU banks, FMCG, oil and gas, and real estate.

    Digital Desk: Benchmark
    stock market
    indices finished lower on Monday, although reducing early losses,
    as IT stocks failed to recover. This ended a nine-day winning streak in
    domestic markets.



    The S&P BSE Sensex
    dropped 520.25 points to 59,910.75, while the NSE Nifty 50 declined 121.15
    points to 17,706.85. While certain broad market indices rose, overall market
    momentum was muted due to increasing volatility.



    The Nifty IT index was the
    biggest loser, down 4.71 percent at the close. However, most other sectoral
    indexes rose, led by PSU banks, FMCG, oil and gas, and real estate.



    Nestle India outperformed
    the Nifty 50 index, rising 3.90 percent. Other notable gainers included Power
    Grid Corporation, SBI, Britannia, and Coal India.



    color:black">The leading losers on the 50-share index were IT firms, led by
    Infosys, Tech Mahindra, and HCL Tech.



    color:black">The drop in IT stocks follows a weaker-than-expected
    fourth-quarter performance by Tata Consultancy Services (TCS) and Infosys, two
    of India's largest IT corporations.



    color:black">Both reported lower-than-expected earnings, but analysts were more
    concerned about the future for international demand.



    color:black"> 



    color:black">Though TCS' demand outlook improved, management remains cautious
    about the future in the aftermath of this year's tight global economic environment,
    which has been exacerbated by recent banking instability in the US.

    color:black">



    color:black">Domestic stock markets were also hurt by global market downturn,
    since there is growing concern about the potential of a US recession.

    color:black">

    color:black">

    color:black">

    color:black">Also Read: Twitter again accused of legal violations during mass layoffs











    color:black"> 



    color:black"> 

    slot thailandslot gacorsabung ayam onlinesabung ayam onlinesabung ayam onlineslot thailandlive casino onlinehttps://ecosukces.pl/slothttps://delalibera.com.br/indojawa88sv388agen bolasabung ayam onlinesabung ayam onlinelive casino onlinesabung ayam onlinelive baccaratsipardikemenaglebongtppkk bitunggs hospitalsarwadharma hospital gwlpeasant farmersppdb yayasan pendidikan assalamgoji berryhttps://www.undp.or.id/https://mtsmathlaulanwarputat.sch.id/https://www.smpn2karangsambung.sch.id/slot gacorhttps://ociterrasus.com/https://psb.al-asyariyyah.com/live casinodpd ipai jatimhttps://yplppgrikabbogor.com/https://smkveterancirebon.sch.id/https://www.min2jember.sch.id/https://sditfatahillahskh.sch.id/https://ichisultra.or.id/https://banggaiemas.org/https://www.man1acehbarat.sch.id/https://lib.stishusnulkhotimah.ac.id/https://www.stieyapismerauke.ac.id/https://stechdigitalsolutions.com/https://webzsparkle.com/SABUNG AYAM ONLINELIVE CASINO ONLINESBOBET88wellbeing-spa.comwellbeing-spa.comwellbeing-spa.comwellbeing-spa.comrnmcenter.comrnmcenter.comshivohamshiv.comshivohamshiv.comal-marwani-qa.comab-skin.comrnmcenter.comrnmcenter.comhttps://romanwatch.vn/th/https://bitrax.app/agro/https://bitrax.app/bravo/https://bitrax.app/tele/https://duidev.com/lang/https://duidev.com/storage/https://duidev.com/vendor/https://duidev.com/resources/https://qatarsquash.comhttps://freshlooksalons.comhttps://eyelinkeducation.idhttps://eyelinkeducation.idhttps://eyelinkeducation.idhttps://qualieducacional.com.brhttps://qualieducacional.com.brhttps://qualieducacional.com.brhttps://qualieducacional.com.brhttps://zakachai1.ruhttps://zaczee.comhttps://planejamentoestrategico.orghttps://powerhouse.qahttps://web1giay.comSlot Server ThailandLive Draw TotoSV388SBOBET88sabung ayam onlinescatter hitamcasino onlinesabung ayam onlinesbobetslot thailandlive casinosv388sbobet88slot thailandcasino onlinesv388agen bolaslot thailandsabung ayam onlinesbobetslot thailandSBOBETSABUNG AYAM ONLINESBOBETSABUNG AYAM ONLINEsv388agen mix parlaylive casino onlinezeus slotsv388judi bola onlineagen live casinoscatter hitamsabung ayam onlinesv388judi bola onlinesabung ayam onlineSabung AyamSBOBET88Live CasinoSlot OnlineIndopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxindopromaxSV388Mix ParlayCasino OnlineSlot Onlineslot thailand gacorSABUNG AYAM ONLINEJUDI BOLA ONLINEJUDI BOLA ONLINEsv388casino onlinespacemanmix parlaysv388casino onlineslot777mix parlaysv388sabung ayam sv388sbobet88 judi bolacasino baccarat onlineslot777hongkong poolsSV388 AGEN SABUNG AYAM ONLINESBOBET88 AGEN JUDI BOLAAGEN LIVE CASINOSITUS SLOT GACOR MAHJONG WAYS 2SV388 AGEN SABUNG AYAM ONLINESBOBET88taruhan bola onlinesv388slot onlineSlot Kakek ZeusAgen Judi Bola