In the latest developments on the Indian stock market, both the benchmark Sensex and Nifty indices experienced declines during afternoon trading on Wednesday, primarily driven by selling pressure in the IT sector. As of 1:08 PM, the Sensex fell by 115.67 points, or 0.14%, settling at 84,798.37, while the Nifty dropped 51.35 points, or 0.2%, to reach 25,889.05.
The overall market sentiment reflected a negative trend, with decliners outpacing advancers on the Bombay Stock Exchange (BSE). Out of a total of 3,977 stocks traded, 2,341 recorded losses, 1,522 showed gains, and 114 remained unchanged. Notably, despite the downward movement in the indices, 238 stocks achieved new 52-week highs, while 33 stocks reached 52-week lows.
Leading the decline were IT stocks, with LTIM suffering a significant drop of 3.74%. Other notable losers included Tech Mahindra, which fell by 2.68%, and Wipro, which was down by 1.52%. Additional major decliners included Tata Consumer Products, down 2.10%, and Tata Motors, which decreased by 1.67%.
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