Market witnesses selling pressure after recent recovery, Sensex falls 876 points, Nifty below 22,900
Benchmark indices Sensex and Nifty witnessed selling pressure after a recent recovery as weak global cues and selling in private banks and IT stocks weighed on investor sentiment. The 30-share BSE Sensex closed 876.37 points or 1.17 per cent lower at 73,852.90. During the day, the benchmark hit a high of 74,849.75 and a low of 73,708.54, gyrating 1,141.21 points. Similarly, the 50-share NSE Nifty fell 257.20 points, or 1.11 per cent, to close at 22,888.95. The broader market too ended the session in the red. The BSE MidCap Select Index fell 169.47 points, or 0.97 per cent, while the BSE SmallCap Select Index fell 47.10 points, or 0.53 per cent.
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