Sensex slips practically 250 factors in early commerce, Nifty hovers close to 16,150-mark; IT shares drag

The frontline fairness indices on the BSE and National Stock Exchange (NSE) opened decrease on Monday weighed by IT heavyweights Tata Consultancy Services (TCS) and Infosys.

At 9:20 am, the S&P BSE Sensex was down 242.12 factors (0.44 per cent) at 54,239.72 whereas the Nifty 50 was buying and selling at 16,155.80, down 64.80 factors (0.40 per cent).

Among the Sensex shares, Bharti Airtel, TCS, Tech Mahindra, Wipro, HCL Technologies and Infosys had been the highest laggards in early commerce. In distinction, NTPC, Mahindra & Mahindra (M&M), IndusInd Bank, ICICI Bank, Axis financial institution and ITC had been the gainers.

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