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Sensex drops 100 points on sell-off in IT stocks, Nifty below 23,200 mark

Sensex drops 100 points on sell-off in IT stocks, Nifty below 23,200 mark

Indian equity indices opened in the red on Friday, snapping a four-session gaining streak, dragged by IT stocks amid concerns over discretionary spending in the U.S.The BSE Sensex was down 114 points, or 0.15%, at 76,234, while the Nifty50 slipped 14 points, or 0.06%, to 23,176 around 9:19 am. The Nifty IT index dropped over…

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Sensex, Nifty trade flat as investors eye US Fed decision

Indian benchmark equity indices traded flat on Wednesday as gains in metal stocks, following the government’s recommendation of a temporary tax on certain steel imports, offset losses in IT stocks ahead of the Federal Reserve’s policy decision. The BSE Sensex was trading 34 points, higher at 75,335. The Nifty50 was up 15 points, trading at…

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