Category : Market Commentary
Headline : Post-Session: Nifty around 18,500, Sensex falls 389 points as IT stocks tumble
Date and Time : Dec-09-2022 17:17

After briefly pausing for a day, the market again witnessed profit booking with benchmark indices slipping 0.6 percent on December 9 mostly dragged by the IT majors, with HCL Technologies' management indicating that FY23 revenue growth will be at the lower end of earlier guidance.

The 30-share benchmark index ended at 62181.67 down by -389.01 points or by -0.62 % and then NSE Nifty was at 18496.6 down by -112.75 points or by -0.61 %.

Sensex touched intraday high of 62735.42 and intraday low of 61889.11 The NSE Nifty touched intraday high of 18664.7 and intraday low of 18410.1

The top gainers of the BSE Sensex pack were Nestle India Ltd. (Rs. 20247.05,+2.24%), Sun Pharmaceutical Industries Ltd. (Rs. 992.75,+1.20%), Titan Company Ltd. (Rs. 2614.20,+1.20%), Dr. Reddy's Laboratories Ltd. (Rs. 4399.10,+1.00%), IndusInd Bank Ltd. (Rs. 1202.05,+0.88%), among others.

The top losers of the BSE Sensex pack were HCL Technologies Ltd. (Rs. 1027.30,-6.72%), Mahindra & Mahindra Ltd. (Rs. 1035.50,-3.58%), Infosys Ltd. (Rs. 1568.85,-3.15%), Wipro Ltd. (Rs. 394.05,-2.39%), Tata Consultancy Services Ltd. (Rs. 3292.65,-1.72%), among others.

FMCG index was at 16748.57 up by 118.63 points or by 0.71%. McLeod Russel (India) Ltd. (Rs. 31.60,+4.98%), Vadilal Industries Ltd. (Rs. 2578.60,+3.89%), Varun Beverages Ltd. (Rs. 1411.55,+3.15%), Andrew Yule & Company Ltd. (Rs. 25.70,+2.80%), Bajaj Hindusthan Sugar Ltd. (Rs. 15.49,+2.72%),.

IT index was at 29349.86 down by -901.26 points or by -2.98%. DiGiSPICE Technologies Ltd. (Rs. 26.10,-9.69%), Vakrangee Ltd. (Rs. 27.25,-9.17%), Brightcom Group Ltd. (Rs. 32.45,-8.07%), HCL Technologies Ltd. (Rs. 1027.30,-6.72%), D-Link (India) Ltd. (Rs. 257.40,-6.06%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3904 , shares advanced were 1342 while 2411 shares declined and 151 were unchanged.