Final Trade: Sensex drops more than 200 points, Nifty slips below 24,600; IT lone gainer as other sectors slide
Sensex tumbles 270 points, Nifty slips below 24,500 as market breadth weakens. IT outperforms, but all other sectors trade in red; midcap and smallcap indices decline up to 1%.
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The BSE Sensex ended 213 points lower (0.14%) at 81,291.52 on Thursday, December 12, while the Nifty50 declined 87 points (0.35%) to close at 24,554.85.
The Nifty IT index was the sole sectoral gainer, rising 0.82% as stocks like Tech Mahindra, Persistent Systems, Coforge, and Mphasis advanced between one and 2 per cent.
In contrast, broader indices faced selling pressure, with Nifty Bank, Nifty Financial Services, Auto, PSU Bank, Consumer Durables, and Oil & Gas all closing in the red.
Investors remained cautious ahead of the release of India's inflation and industrial production data, expected to offer cues on the market's near-term trajectory.
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03:57 PM IST
Midday Market Report: Sensex, Nifty dip ahead of key economic data; IT stocks shine
Coforge hits record high, takes recovery from 52-week low to 118%