Indian markets have seen selling trades, in the wake of huge sell off seen in US and European markets on Thursday. The NASDAQ composite index was down by over 5.2%, while the S&P 500 was down by more than 4.5% in the trade.
At 9:58 AM, the NSE Nifty is at 4878.25, down by 66 pts or -1.3%
Stocks from all the sectors have taken the beating, while IT stocks have been hammered. TCS, from the infortech space is down by 4.6%. Wipro is down by 3%. Infy is down by 6%. HCL Tech is down by 5%.
Tata motors is down by 3.2%. L&T has seen a cut of 3.7%.
Jindal steel is dwon by 2.3%. Sterlite is down by 1.3%.Tata steel is down by 1.3%.
RCOM, Reliance Capital, Aban offshore, Hindalco – have all seen cuts of over 2% each.