Stock Market Updates: Weak results of the IT sector put a brake on the market momentum, both the indices closed with a heavy fall.
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Markets closed with a heavy fall on the last trading day of the week. Sensex closed at 66,684.26 points with a huge weakness of 887.64 points, or 1.31 percent, Nifty closed at 19,979.15 points, down 201.85 points, or 1.01 percent.
IT giant Infosys’ weak Q1FY24 results and downgrading of growth forecast put brakes on major stock indices Sensex and Nifty. Markets closed with a heavy fall on the last trading day of the week. Sensex closed at 66,684.26 points with a huge weakness of 887.64 points, or 1.31 percent, Nifty closed at 19,979.15 points, down 201.85 points, or 1.01 percent. In today’s business, except for Auto, Media, all other indices have seen a decline on Nifty. Due to today’s collapse, investors in the stock market have suffered a loss of about Rs 1.61 lakh crore.
Top gainers of NIFTY
On the NSE Nifty, LT shares gained 3.91 per cent, ONGC 1.94 per cent, NTPC 1.04 per cent, SBIN 0.81 per cent, Tata Motors 0.71 per cent.
There was a break in these stocks on NIFTY
On NSE Nifty, INFY declined by 7.81 per cent, HINDUNILVR by 3.60 per cent, HCLTECH by 3.17 per cent, WIPRO by 3.08 per cent and RELIANCE by 2.52 per cent.
fall in indian rupee
At the interbank foreign exchange market, the Indian rupee strengthened marginally by 0.04 paise to close at 81.95 against the US dollar.
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