Sensex Today: IT, Media indices opened 1% lower, financials held mild gains
Sensex Today: Key benchmark indices opened lower on Wednesday tracking losses in global markets as investors await US Fed Chair Jerome Powell’s testimony before the Congress later today. The BSE Sensex fell 200 points to 73,485 and the NSE Nifty50 slipped 56 points to 22,300.
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IT stocks extended losses for the second day. Tech M, Infosys, TCS, Wipro, HCLTech fell nearly 1 per cent, leading losses among largecaps on the Sensex.
On the flip side, SBI Life, Grasim, RIL, JSW Steel, Bajaj Finance, Kotak Bank were among the top frontline gainers.
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The BSE MidCap and SmallCap indices also slipped up to 0.6 per cent.
Global cues
Asian markets mostly fell this morning following losses on Wall Street overnight. Nikkei, Kospi, ASX 200 fell 0.3-0.7 per cent. Hang Seng dipped below the flatline.
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Overnight in the US, Apple shares dropped 3 per cent as iPhone sales fell 24 per cent in China in 2024, leading to a 1.65 per cent drop in the Nasdaq. The Dow Jones and S&P 500 fell 1 per cent each.
