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PratapDarpan > Blog > Market Insight > Sensex draws 100 points on selling IT stocks, Nifty is below 23,200 mark
Market Insight

Sensex draws 100 points on selling IT stocks, Nifty is below 23,200 mark

PratapDarpan
Last updated: 21 March 2025 09:53
PratapDarpan
3 months ago
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Sensex draws 100 points on selling IT stocks, Nifty is below 23,200 mark
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Contents
Living eventsExpert
Indian equity indicators were opened on Friday, opening the U.S. Pulling by its stocks amid concerns about discretionary expenses in, dragging four-sessions, dragging

The BSE Sensex was down 114 points or 0.15%at 76,234, while the Nifty 50 A14 points or around 23,176 compared to 0.06%.

The Nifty IT Index fell more than 2% after warning the global IT consultancy firm exchanger to decline in discretionary costs. Accenture shares fell 7.3% overnight.

Sensex stocks, Infosys, TCS, HCL Tech, Zomato and Tech Mahindra had the top LG Guards, which fell by 2.3%. On the other hand, Bajaj opened with Finance, Nestlé India, Sun Pharma, Power Grid and NTPC benefits.

In individual stocks, the Ola electric mobility has increased by 5% in the initial trade, after the company is attributed to inconsistencies in the February sales data due to ongoing negotiations with vehicle registration vendors.

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Living events

      Meanwhile, the FTSE March semi-annual review applies later today, estimating $ 1.4 billion in IIFL in India.

      FTSE has added 360 WAM, fertilizers and chemicals Travenkor, BSE and other stocks to the FTSE All World Index, while raising the weight of ICICI Bank and Kotak Mahindra Bank.

      Expert

      “The rally in the market this week, which saw an increase of%.%Of the Nifty. At the time when trade tensions are increasing and more expected when reciprocal tariffs begin on April 2nd. Strategist, GeoGit Financial Services.

      Vijay Kumar added, “The significant feature of the rally is that most beneficiaries are home use themes that will be insulated from reciprocal tariffs. Investors will wait and see the announcement of reciprocal tariffs on April 2nd before deciding on investment strategies.”

      “The Nifty can find support after 23,100 and 22,900 after 23,100. On the high side, there may be immediate resistance, then 23,350 and 23,400,” said Hardik Metalia, a derivative analyst of Choice Broking.

      More to come …

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