Samvat 2080 Concludes: IT drags Sensex 553 points lower, but investor wealth soars by Rs 9 lakh crore
Sensex and Nifty closed lower on the last trading day of Samvat 2,080, weighed down by a decline in information technology stocks. However, a surge in Larsen & Toubro, which maintained its annual growth forecast, helped limit further losses.
The 30-share BSE Sensex fell 553 points, or 0.69%, to close at 79,389, while the broader NSE Nifty dropped 135 points, or 0.56%, to finish at 24,205.
Despite the dip in blue-chip indices, the market capitalization of all listed companies on the BSE rose by Rs 9 lakh crore to reach Rs 445.1 lakh crore, driven by gains in the broader market.
Tech Mahindra, HCL Tech, TCS, and Infosys led the losses on the Sensex, declining between 2.5% and 4.5%. Other laggards included Asian Paints, Maruti Suzuki, ICICI Bank, and Adani Ports. In contrast, L&T, Power Grid, JSW Steel, M&M, and HDFC Bank closed with gains.
L&T shares rose 6.4% after the company reported a profit boost for the September quarter, driven by accelerated project execution.
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