Sensex, Nifty off day’s low, crude prices & IT stocks selloff weigh sentiment

Primary framing

“Sensex, Nifty off day’s low, crude prices & IT stocks selloff weigh sentiment”

Sensex fell 663 points and Nifty dropped over 168 points as Brent crude neared $100 a barrel and IT stocks faced heavy selling.

Key facts

• Sensex fell 663 points from its previous close
• Heavy selling in IT stocks contributed to the decline
• Brent crude neared $100 a barrel
• Nifty 50 dropped more than 168 points
• Indian equity benchmarks declined on Wednesday as rising crude oil prices and heavy selling in IT stocks weighed on investor sentiment.
• Nifty 50 dropped more than 168 points
• Sensex fell 663 points from its previous close
• Heavy selling in IT stocks contributed to the decline

Center-leaning outlets

• Business Line - Home (IN)