new Delhi. Even after the excellent signals from foreign markets, the Indian stock market continues to fall. The reason for this is the tremendous profit booking in IT stocks. The stocks of big companies like Infosys, HCL, Tech Mahindra and Wipro are seeing a decline. TCS shares are also trading marginally lower. Currently, the Sensex is trading down by about 180 points. While the Nifty has managed to maintain a level of 14500 points.
stock market crash
After getting excellent signals from foreign markets, it seemed that Sensenx would cross the level of 50000, but it could not happen. The Bombay Stock Exchange’s flagship index Sensex is trading at 49313.42 points, down 178.90 points. While the National Stock Exchange’s leading index Nifty 50 is trading at 14502.75 points with a decline of 62.10 points. BSE Smallcap 52.28, BSE Mid-cap 14.40 and Foreign Investors Index CNX Midcap is trading down by 63.30 points.
IT and Metal fall
Today, apart from the IT-tech sector, the metal sector is also witnessing a decline. BSE IT 602.77 and BSE Tech are seeing a decline of 247.60 points. While BSE Metal is trading down by 154.17 points. BSE Healthcare, 51.83, Consumer Durables 28.18 and BSE Auto are down by 12.02 points. On the other hand, Capital Goods 150.22, Oil and Gas 103.86, BSE FMCG 57.14, Bank Nifty 30.25, Bank Exchange 20.93 and BSE PSU are trading up by 17.03 points.
Profit booking in IT-tech companies
Today IT-tech companies are seeing profit booking. Wipro’s stock is trading down 3.54 percent today. While HCL Technology declined by 3.03 per cent, Infosys 2.69 per cent, Tech Mahindra 2.31 per cent and Asian Paints 1.46 per cent. On the other hand, the stock of IndusInd Bank is trading at a speed of 3.04 per cent. While ITC 2.01 per cent, UPL 1.53 per cent, GAIL India 1.31 per cent and Britannia Industries are seeing a gain of 1.21 per cent.