Stock market falls under pressure of IT stocks
Major indices of the Indian stock market in early trading on Monday BSE Sensex and NSE Nifty There was a decline in, mainly Weakness of IT stocks Due to this the negative effects of investors increased.
during morning trading The 30-share BSE Sensex fell 125.96 points to 85,636.05.Whereas The 50-share NSE Nifty was trading at 26,297.60, down 30.95 points.
Among the companies included in the Sensex group HCL Tech, Infosys, Tech Mahindra, HDFC Bank, Tata Consultancy Services and NTPC As big names remained underperforming, due to which the market came under pressure.
However, some stocks also supported the market, including Bharat Electronics, Tata Steel, Axis Bank and Reliance Industries Stay involved.
Foreign institutional investors (FII) on Friday Approximately ₹289.80 crore bought shares, while domestic institutional investors (DIIs) ₹677.38 crore Bought shares, but selling of IT shares kept the market under pressure.
This decline has come at a time when Pressure in IT sector and big banking stocks Due to this, investor sentiment in the market remains weak.
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