Fry-day! D-St investors lose Rs 6 lakh crore as Sensex drops over 900 points, Nifty below 22,300
Sensex and Nifty, opened in the red on Friday, weighed down by index heavyweights in the banking and IT sectors, as investors awaited key GDP data and reacted to fresh comments from US President Donald Trump on tariffs.
The BSE Sensex fell 929 points, or 1.25%, to 73,683, while the Nifty50 declined 273 points, or 1.21%, to 22,271. around 9:39 am.
The market capitalization of all listed companies on the BSE fell by Rs 5.8 lakh crore, bringing it down to Rs 387.3 lakh crore.
Nifty IT index stocks fell by up to 4% in early trade, tracking overnight losses on Wall Street following a slump in chipmaker Nvidia. Persistent Systems, Tech Mahindra, and Mphasis were the top losers.
Meanwhile, the Nifty Auto index opened more than 2% lower, while the Nifty Bank, Metal, Pharma, Consumer Durables, and Oil & Gas indices declined by 1-2%.
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