Stock Market Updates: Sensex Falls 265 Points, Nifty Near 25,850; Nifty IT Tanks 3%

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Indian benchmark indices Sensex and Nifty are set for a muted start on Thursday, tracking mixed global signals

Stock Market Today.

Stock Market Today.

Sensex Today: Equity markets opened on a weak note on Thursday, weighed down by heavy selling in information technology (IT) stocks.

In early trade, the BSE Sensex slipped 265 points, or 0.31 per cent, to 83,963, while the Nifty50 declined 81 points, or 0.31 per cent, to 25,873.

Broader markets also mirrored the weakness, with the Nifty MidCap index falling 0.46 per cent and the Nifty SmallCap index dropping 0.68 per cent.

On the sectoral front, IT stocks bore the brunt of the sell-off, with the Nifty IT index plunging 2.87 per cent, emerging as the worst-performing sector.

Global Cues

Asian markets traded higher on Thursday, led by Japan. The Nikkei 225 surged past the 58,000 mark for the first time, extending its post-election rally amid improving confidence in domestic political stability and the ruling government’s economic policies.

At last check, Japan’s Nikkei 225 was up 0.5 per cent, South Korea’s KOSPI gained 1.9 per cent, and Australia’s S&P/ASX 200 advanced 0.6 per cent.

In the US, major indices ended slightly lower on Wednesday as investors assessed a flurry of corporate earnings and a stronger-than-expected January jobs report. The S&P 500 finished flat, while the Nasdaq Composite slipped 0.16 per cent and the Dow Jones Industrial Average declined 0.13 per cent.

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News business markets Stock Market Updates: Sensex Falls 265 Points, Nifty Near 25,850; Nifty IT Tanks 3%
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