Sensex Slides 400 Points; Nifty Drops 120 Amid Heavy Selling
Markets Under Pressure: Sensex Tanks 400, Nifty Down 120: The Indian stock market opened lower on Thursday due to mixed global signals. Heavy selling was seen in early trade, pulling the Sensex down nearly 400 points and the Nifty down 120 points. Weakness in IT stocks and global uncertainty weighed on investor sentiment.
Markets Under Pressure: The BSE Sensex fell 311.77 points to 83,821.87, while the NSE Nifty dropped 122.50 points to 25,831.35. Market breadth remained weak, with 1,658 stocks declining, 1,105 advancing, and 150 unchanged.
IT stocks such as Infosys, TCS, Wipro, HCL Tech, and Tech Mahindra were among the top losers. However, stocks like ONGC, NTPC, ICICI Bank, Axis Bank, and Eicher Motors saw some buying support.
Investors are also watching quarterly results from major companies including Hindustan Unilever, ONGC, Coal India, Hindalco, Biocon, HAL, IRCTC, Muthoot Finance, Petronet LNG, and SpiceJet, which may guide market direction.
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