Home / Market Beat / Nifty slips below 6000. IT stocks slide heavily

Nifty slips below 6000. IT stocks slide heavily

Top IT counters have begun sliding in the trade today, dragging the Nifty index well below the crucial 6000 mark.

Earlier the US markets had witnessed a deep fall taking the Wall street indices in a decline. The Dow Jones was down by nearly 326 points -2%, taking it to 15,372.8. The S&P 500 had seen a decline of 40 points (-2%) to stand at 1,741.89, while the Nasdaq index showed a dip of over 106 points (-2.61%) to take the index down to 3996.96.

markets downThe NSE Nifty is at 5954, down by 48 points while the Sensex has lost 172 points at 20035.

Major IT stocks such as TCS, HCL Tech and Wipro have led the fall. Wipro has shed off 3.25% and is trading at 547.55. HCL Tech is down to 1399, down by 3.7%. TCS has lost over 2.5% and is trading at 2136.

Other stocks to see decline are metal counters such as SSLT and Hindalco – both of which are down by 1.7%.

Some of the Banking stocks have however recovered in today’s trade. Bank of Baroda is up by 2.3%. PNB and State Bank of India have also gained nearly 1.3% each.

Hero Motoco is also up by 1% at 1984.



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