Nuhey News

We talk about the MARKET

Early trading saw Sensex and Nifty drop due to selling in IT and banking shares.

The Indian equity markets were trading lower in early trade on Monday due to selling pressure in IT and financial stocks. The BSE Sensex was down 349 points or 0.90% at 38,289.32 and the NSE Nifty was trading at 11,261.45, down 101 points or 0.89%.

The selling in IT stocks was led by Infosys (down 2.09%) and Tata Consultancy Services (down 1.26%). Among financial stocks, Axis Bank (down 1.96%), ICICI Bank (down 1.05%) and HDFC Bank (down 0.82%) were the worst performers. Meanwhile, Reliance Industries was the top gainer on the Sensex, rising 1.50%.