TCS, Infosys lose the most in Mcap; RBI policy meet key next week
The market capitalisation (Mcap) of IT majors Tata Consultancy Services (TCS) and Infosys lost the most amid broad-based selloffs due to fear of recession in the global markets.
The market capitalisation (Mcap) of IT majors Tata Consultancy Services (TCS) and Infosys lost the most amid broad-based selloffs due to fear of recession in the global markets.
BSE Sensex ended witnessed a fall of 334.54 points or 0.85 percent at 38,963.84.
The financial markets will resume on Tuesday.
At 11.23 a.m., the Sensex was trading 153 points lower at 36,915.28 while the Nifty was down 47.80 points at 10,900.50.
The domestic indices traded in line with global indices, as Asian markets also were largely trading in the red.
In the Sensex pack, 22 stocks ended up and eight were down. For the Nifty, the advance-decline ratio stood at 32 versus 18.
The 30-share index was trading 39.58 points, or 0.10 per cent, lower at 39,546.83 at 0940 hours. Similarly, the broader NSE Nifty was quoting a mere 2.85 points, or 0.02 per cent, down at 11,838.70.
Stock markets are being daily subjected to the vagaries of global as well as domestic uncertainties.
A sharp fall in sales of passenger and other vehicles is being cited as proof of not only economic slowdown but also drastic drop in consumption.
The state-run State Bank of India (SBI)-led consortium of lenders to Jet Airways said on Monday that it had decided to "seek resolution under the Insolvency and Bankruptcy Code (IBC) as only a conditional bid was received and requirement of the investor for SEBI exemptions and resolution of all creditors is possible under IBC"
