: Sensex Crashes 300 Points, Nifty Falls Below 19.7K; ITC, TechM Among Top Losers
At close, was trading 299.48 points lower at 66,384.78 and was trading 72.65 points lower at 19,672.35.
: Sensex Crashes 300 Points, Nifty Falls Below 19.7K; ITC, TechM Among Top Losers (Image: Pixabay)
: Indian indices opened flat Monday after last Friday’s market rout amid weakness in the Gift Nifty index. With US Nasdaq retreating further on Friday, technology stocks in the domestic market could mirror the trend, especially after the disappointing revenue guidance from Infosys last week, said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
Sensex opened today at 66,629.14 (previous close: 66,684.26) and touched a high of 66,808.56 during the day’s trade. Meanwhile, Nifty opened at 19,748.45 (previous close: 19,745), touched a high of 19,782.75 during the day’s trade. At close, BSE Sensex was trading 299.48 points lower at 66,384.78 and Nifty50 was trading 72.65 points lower at 19,672.35.
by Rajesh Sinha, Sr. Research Analyst, BONANZA PORTFOLIO LTD
ended on a negative note; Most of the sectoral indices were in red, where Nifty FMCG was declined by 1.72%. Investors may be wary as the Fed meeting later this week and FMCG company’s reports below expected earnings fueled pessimism in market.
The Board gave its in-principle approval to the demerger of the Hotels Business under a scheme of arrangement, with the company holding an approximate 40% stake in the new entity and the remaining 60% to be held directly by the company’s shareholders proportionate to their shareholding in the company.
Top gainers on were , , , and while loser on the Nifty were , , , and .
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