Big selling in IT shares, stock market crashed again, Sensex fell by 304 points, Nifty weakened by 78 points.

Mumbai, 3 June. If 24 hours ago, metal and consumer durables shares, led by the IT sector, had regained some vibrancy in the domestic market by halting the decline of the last four days, then on Wednesday, huge selling was seen in the IT shares only and the result was that both the benchmark indices again fell sharply amid the ups and downs.

While BSE Sensex fell by 304 points, NSE Nifty fell by 78 points. According to analysts, the market sentiment weakened due to heavy selling in IT stocks, the rise in crude oil prices and continuous capital withdrawal by foreign institutional investors (FIIs).

Sensex 0.41 percentage breakdown 74,346.17 closed on points

The 30-share sensitive index Sensex of Bombay Stock Exchange (BSE) closed at 74,346.17 points, falling 303.67 points or 0.41 percent. The index, which opened with a decline of 142 points compared to the previous session, fell by 1,157.24 points during trading and reached the day’s lowest level of 73,492.60. However, after midday it improved significantly mainly due to rise in banking shares and it went up to 74,515.65 points. Among Sensex related companies, 13 stocks were in the green and 17 were weak.

nifty 77.95 due to drop in marks 23,405.60 off on

On the other hand, the standard index Nifty based on 50 shares of National Stock Exchange (NSE) closed at 23,405.60 points with a decline of 77.95 points or 0.33 percent. The index also fell by 332.05 points to the day’s low of 23,151.50 in the middle of trading. Among Nifty related companies, shares of 22 strengthened while 28 declined.

If we look at the commodity market, BSE Midcap Select, the index of medium companies, fell by 0.73 percent, while Smallcap Select, related to small companies, fell by 0.15 percent.

TCS stock 8.43 percentage decline

Among the companies included in the Sensex group, the stock of Tata Consultancy Services (TCS) recorded a decline of 8.43 percent. Tech Mahindra (6.23 percent), HCL Tech (5.25 percent) and Infosys (3.82 percent) were also among the losers. Apart from this, ITC, Eternal, Larsen & Toubro and Bajaj Finance declined significantly. On the other hand, gaining stocks include InterGlobe Aviation, State Bank of India, ICICI Bank and Trent.

FII has 8,362.92 Sold shares worth crores of rupees

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 8,362.92 crore on Tuesday. At the same time, global oil standard Brent crude rose three percent to US $ 98.92 per barrel.