Sensex falls over 350 pts, Nifty below 24,150; IT, bank stocks drag
Sensex and Nifty 50 opened marginally lower on Friday, dragged down by index heavyweights Infosys, TCS, and ICICI Bank.
The BSE Sensex was trading 366.23 points, or 0.46%, lower at 79,577.48. The Nifty50 was down 19 points, or 0.23%, trading at 24,169 around 9:35 am.
ITC, TCS, Infosys, ICICI Bank, Zomato, and Tech Mahindra were among the top laggards on the Sensex, each falling by up to 1% in early trade. On the other hand, NTPC, SBI, Adani Ports, Nestle India, and Tata Steel opened with gains.
Among individual stocks, DMart opened with 10% upper circuit following its announcement of a 17% year-on-year (YoY) increase in standalone revenue for the quarter ended December 31, 2024.
State-run MOIL shares also opened 6% higher after the company reported that it achieved its best-ever Q3 and 9 months’ performance in the quarter ended December 31, 2024.
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