Sensex, Nifty50 halt 9-day rally, Infosys slumps over 9%


Source: businessinsider.in businessinsider.in

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Infosys HDFC Advertisement Advertisement Wipro Tata Consultancy Services UltraTech Cement Advertisement Advertisement Advertisement Equity benchmark indices Sensex and Nifty buckled under selling pressure after nine-session rally on Monday, as massive sell-off in IT, tech and telecom counters unnerved investors. Intense selling in, which fell over 9 per cent after lower-than-expected revenue guidance for FY24, andtwins also pulled the benchmarks down.The 30-share BSE Sensex tanked 520.25 points or 0.86 per cent to settle at 59,910.75. During the day, it plunged 988.53 points or 1.63 per cent to 59,442.47.The broader NSE Nifty fell 121.15 points or 0.68 per cent to finish at...