By Debdeep Gupta | 18 Nov, 2024
D-Street in red: Sensex falls 500 pts from day's high, Nifty goes below 23,400; IT stocks biggest drag
Benchmark indices Nifty and Sensex fell further from the morning and extended their decline for the seventh trading session in a row after a sharp downturn in IT stocks dented sentiment across the market. Concerns grew over a slower pace of US interest rate cuts following retail sales and rising import prices. The market sentiment has turned cautious, shifting from a "buy the dip" approach to "sel...
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