Why Is Market Falling Today? Sensex Slumps 800 Points, Nifty Below 23,950. IT Selloff Among 5 Key Triggers
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12 Articles
Indian Equity Markets Snap 5-day Gaining Streak, IT Drops over 3%
Get latest articles and stories on Business at LatestLY. The Indian equity markets ended in the red, snapping the five-day gaining streak on Friday with Sensex losing over 600 points and Nifty slightly above the 24,000 mark shedding over 150 points. Business News | Indian Equity Markets Snap 5-day Gaining Streak, IT Drops over 3%.
Sensex plunges 600 points as markets snap 5-day rally amid geopolitical uncertainty, selloff in IT stocks - The Tribune
Stock market benchmark indices ended lower on Friday after a five-day rally, with the Sensex dropping 607 points and the Nifty falling to the 24,013.10 level, dragged by heavy selling in IT firms after global tech giant Accenture trimmed its full-year revenue growth guidance and renewed geopolitical uncertainty.
Market Outlook: Nifty Midcap 100 and Nifty Smallcap 100 indices saw gains of 0.22% and 0.42% respectively. If we look at the sectoral indices, Nifty IT was the biggest loser and fell by more than 3.6%. Nifty Auto, Nifty Bank and Nifty Oil & Gas also closed lower today - market outlook the nifty midcap 100 and nifty smallcap 100 indices saw gains of 0.22 and 0.42 respectively among sectoral indices nifty IT was the biggest loser falling by more t…
Sensex down 600 points: Why is stock market falling today after a 5-day rally?
Indian benchmark indices fell sharply on Friday after Accenture's cautious outlook triggered a selloff in IT shares. The slide highlighted concerns over global technology spending, even as lower crude prices and easing foreign selling offered broader support.
Times of India
The Economic TimesWhy is market falling today? Sensex slumps 800 points, Nifty below 23,950. IT selloff among 5 key triggers
Indian stock markets experienced a sharp downturn on Friday. The Sensex and Nifty saw significant declines, ending a five-day rally. Heavy selling pressure in IT stocks and weak global sentiment impacted investor confidence. Major IT companies like Infosys and TCS were among the biggest losers. The broader market also faced selling pressure, indicating a cautious trading environment.
Stock Market Crash: The stock market suffered a significant decline on Friday. The BSE Sensex index plunged more than 800 points upon opening. Meanwhile, IT and tech stocks were badly hit.
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