CNX Nifty fell nearly 1 percent on Wednesday
to its lowest close in nearly one-and-a-half months after the rupee's
rise to a one-month high and UBS' downgrade of Infosys coupled with an
overnight drop in U.S. tech stocks induced selling across the IT sector. Nifty provisionally lost 0.93 percent to mark its lowest close
since March 27, while the benchmark BSE Sensex closed down 0.82 percent
at its lowest close since April 16.
The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 9 advances to 41 declines. All sectors traded in NSE closed in the red with CNX IT worst hit, down by 2.54%.
The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 9 advances to 41 declines. All sectors traded in NSE closed in the red with CNX IT worst hit, down by 2.54%.
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