Share Market Update: Sensex ends 334 points lower, Nifty at 11,589; IT index slips 7%
businesstoday.in | Updated Oct 22, 2019, 4:27 PM IST
Share Market Update: Snapping six-day gaining sessions, benchmark indices Sensex and Nifty on Tuesday turned bearish to close near day's low, amid heavy sell off in IT stocks. While S&P Sensex closed 334 points lower at 38,963 level and Nifty50 ended 71 points lower at 11,589. Sectorally, IT sector was most bearish with BSE IT index closing 7% lower and Nifty IT ending 4.8% lower, following a nearly 17% drop in Infosys, 2% drop in Tech Mahindra, Hexaware and HCL Tech and1% decline in Mindtree, Just Dial scrips. Besides, metal, media and auto indices too closed marginally lower. Although over 1% gain in Pharma, realty, banking and financial scrips helped cap gains.