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Nifty corrects again. IT stocks drag.

Markets have corrected again, with the Nifty falling below the 5100 mark. Stocks from the IT, Banking and infrastructure sectors – have all seen declines in the trade.

At 10:25 AM, the Nifty is at 5054, down by 84 pts or -1.7%.

HDFC, from the finance segment, is down by over 3%. Unitech, from the real estate space has seen a decline of over 2%.

The CNX IT index has gone down by 1.2%. Wipro, among the IT majors has seen a decline of 2.7%. Infy is down by over 1%, while TCS is also down by 1%.

Metal counters have also seen major cuts. Sterlite is down by 2.4%. Hindalco is also down to 124.95, with a cut of over 2%.

The CNX Midcap index has fell down by -0.9%.

Renuka sugars has seen a decline of 3%. Jubilant food works has been beaten down by 2.5%. Crompton Greaves is also trading with 3.3% cuts.


 

 

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