Financials, IT stocks drag Sensex 427 points lower, Nifty heads for worst month since 2020
The 30-share BSE Sensex dropped 427 points, or 0.53%, to close at 79,942, while the broader NSE Nifty fell 126 points, or 0.51%, to end at 24,340.
The Nifty 50 has lost nearly 6% in October so far, and is on track for its worst monthly performance since March 2020, when lockdown-related restrictions triggered a meltdown across global equity markets.
From the Sensex pack, Infosys, ICICI Bank, Kotak Mahindra Bank, M&M, SBI and HCL Tech were the top laggards, falling 1-2%. On the flip side, Maruti Suzuki, IndusInd Bank, Adani Ports, ITC, and UltraTech Cement closed with gains.
More to come…
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