Sensex crashes above 537 points on profit booking in IT and financial stocks


Benchmark stock indices Sensex and Nifty fell nearly 1% on Wednesday after gains were booked in financials and IT stocks following a recent rally.

The 30-stock BSE Sensex fell 537.22 points, or 0.94%, to end at 56,819.39. On the day, it fell 772.57 points, or 1.34%, to 56,584.04.

The NSE Nifty fell 162.40 points, or 0.94%, to 17,038.40.

The 30-share Sensex package received Bajaj Finance, Bajaj Finserv, ICICI Bank, Titan, Dr. Reddy’s, Wipro, State Bank of India, Infosys, Maruti and UltraTech Cement emerged as the biggest laggards.

In contrast, Tata Steel, Asian Paints, HCL Technologies, TCS, Kotak Mahindra Bank, Reliance Industries and HDFC Bank were the winners.

Asian markets were mixed, with Tokyo and Seoul down more than 1% while Hong Kong and Shanghai finished higher.

Markets in Europe traded in the green for the afternoon session.

Stocks in the United States had ended significantly lower on Tuesday.

The Sensex rose 776.72 points, or 1.37%, to end Tuesday at 57,356.61. The Nifty rose 246.85 points, or 1.46%, to 17,200.80.

Meanwhile, international oil benchmark Brent rose 0.89% to $105.81 a barrel.

Overseas institutional investors continued their selling spree, selling ₹1,174.05 crore of shares, according to stock market data on Tuesday.

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