Nifty settles below 12030 mark led Media, IT stocks

Stock market
Stock market

The benchmark indices ended lower on Tuesday as investors booked profit from the market’s record high level of the previous session.

On closing, the Sensex was down 184.08pts at 40,083.54, while Nifty was down 66.80pts at 12021.70.

Yes Bank, BhartiInfratel, NTPC, Axis bank and Coal India were among major gainers on the Nifty50, while losers were Zee, HeroMoto Corp, Asian Paint, Dr.Reddy’s and BPCL.

Among sectors, pharma and IT indices fell more than one percent followed by energy, auto, FMCG, while buying seen in the infra and metal space.

Nifty IT index was the top sectoral loser, down by 1.57pc, led by major falls in HCL Tech, Oracle Financial Services Software, TCS and Tata Elxsi. Nifty media index also declined 1.46pc led by falls in DishTV, Zeel and TV-Today.

Except Nifty PSU Bank and Nifty metal, all the secotoral indices have ended in the red.

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