Stock Market Today: There is a break in the five-day rally, Sensex-Nifty in the red in early trade.
Mumbai. Sensex and Nifty fell in early trade on Friday after five sessions of rise due to heavy selling in information technology companies. BSE Sensex fell 786.58 points to 76,624.90 in early trade and NSE Nifty fell 210.95 points to 23,959.80.
Among the 30 companies included in the Sensex, Infosys shares fell by more than eight percent, Tata Consultancy Services fell by six percent. Whereas Tech Mahindra declined by five percent and HCL Tech declined by 4.9 percent.
Shares of HDFC Bank and Tata Steel also remained in loss. At the same time, shares of NTPC, Bharti Airtel, Trent and Power Grid remained bullish. BSE’s Information Technology index fell 5.38 percent. In Asian markets, South Korea’s Kospi and Japan’s Nikkei 225 are trading with slight gains. American markets closed with gains on Thursday.
The price of international standard Brent crude fell by 0.93 percent to around $ 79.11 per barrel. According to stock market data, foreign institutional investors (FIIs) were net sellers on Thursday and sold shares worth Rs 1,025.20 crore. On Thursday, Sensex closed with a gain of 254.36 points and Nifty with a gain of 82.30 points.
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