The stock markets plunged heavily on Monday with the Sensex closing 505.13 points dragged by huge losses in financial stocks such as HDFC. The Nifty settled 137.45 points lower at 11,377.75.
BPCL, HPCL, TCS, Tech Mahindra, IOC, HCL Tech were the top gainers, while Bajaj Finance, Bharti Infratel, Titan, Sun Pharama have lost the most.
All-round selling pressure gripped in all sectors, with maximum pressure seen among banks, automobile, pharma, and metal. IT stocks gained significantly as investors cashed in on falling rupee.
The Nifty IT Index rose 0.29% at 16,119.80 led by Oracle Financial Services, which gained over 5.18 percent. Infibeam, Tata Elxsi, Tech Mahindra and Mindtree are among top constituents on Nifty IT index.
Bank Nifty is down 1.26 percent at 26,820.30. Realty and IT stocks out shined with Nifty Realty and Nifty IT trading 1.13 percent and 0.29 percent higher.