Mumbai. Domestic stock markets closed in decline on Thursday due to ongoing selling pressure in companies in the Information Technology (IT) sector. BSE Sensex fell 558.72 points (0.66 percent) to close at 83,674.92. The Nifty-50 index of the National Stock Exchange also fell 146.65 points to 25,807.20.
Shares of the four IT companies included in the Sensex, Tech Mahindra, Infosys, TCS and HCL Technologies, fell by around five to six percent. Shares of Mahindra & Mahindra and Hindustan Unilever fell more than two percent.
Reliance Industries fell by more than one percent. Shares of Eternal, HDFC Bank, Indigo, Kotak Mahindra Bank, Adani Ports, Maruti Suzuki and Axis Bank were also in the red. Bajaj Finance shares rose more than three percent. ICICI Bank, Trent, BEL, State Bank of India, Titan, Asian Paints and Bajaj Finserv also gained momentum.
Amid the all-round fall, the Nifty Midcap-50 index was down 0.45 percent and the Smallcap-100 index was down 0.64 percent. Nifty IT index fell 5.51 percent. Oil and gas, chemicals, realty, media, FMCG, banking, pharma and auto also declined. There was a rise in consumer durable products group.
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