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MARKET LIVE: Sensex drops 1,000 pts, Nifty near 16,350; IT stocks sink


May 5, 2022
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The tipped over 1,000 indicate 54,668, while the shed 316 indicate 16,366.
All frontline stocks remained in the red. Amongst the Sensex-30 shares, Bajaj Twins, Maruti, Wipro, Ultratech Cement, HCL Tech, Axis Bank, Infosys, HUL and Tata Steel were the leading losers, down approximately 3 percent.

Tata Motors, Hindalco, and Apollo Hopsitals were the extra laggards on the Nifty50.

In the more comprehensive markets, the MidCap and SmallCap indices fell approximately 2.2 percent.

Sectorally, customer durables, real estate, IT, automobile, financials, and metals were down 2-3 percent. Staying sectors likewise held sharp losses.

BS Unique:: Chris Wood on India
. India stays Asia’s finest long-lasting structural story in regards to equities and financiers must purchase their preferred stocks on a decrease, recommended Christopher Wood, worldwide head of equity method at Jefferies in his newest note to financiers, GREED & & worry. LEARN MORE

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