Sensex falls 535 points dragged by HDFC & IT shares, weak global trends
The Hindu
The 30-share BSE Sensex fell by 535.88 points or 0.75% to settle at 71,356.60. During the day, it tumbled 588.51 points or 0.81% to 71,303.97
Stock markets declined for a second day in a row on January 3 with benchmark Sensex closing lower by 535 points due to selling in HDFC Bank and IT shares amid weak global trends.
The 30-share BSE Sensex fell by 535.88 points or 0.75% to settle at 71,356.60. During the day, it tumbled 588.51 points or 0.81% to 71,303.97.
The broader Nifty of the National Stock Exchange slipped 148.45 points or 0.69% to 21,517.35.
Among the Sensex firms, JSW Steel, Tata Steel, Tech Mahindra, Infosys, Wipro, Tata Consultancy Services, Nestle, HCL Technologies, HDFC Bank and Maruti were the major laggards.
IndusInd Bank, ITC, Bharti Airtel and State Bank of India were among the winners.
In Asian markets, Seoul and Hong Kong settled lower while Shanghai ended in the green.
European markets were trading lower. The U.S. markets ended mostly lower on Tuesday.
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