Sensex and Nifty Fall for Second Consecutive Session Amid IT Stock Sell-Off

Mumbai: Benchmark indices Sensex and Nifty fell for the second consecutive session on Friday due to selling pressure in the IT sector and a lack of fresh buying cues.

The 30-share BSE Sensex closed down 0.07% or 47.77 points at 65,970.04, while the Nifty also experienced a marginal decline of 0.04% or 7.30 points, settling at 19,794.70.

Among Sensex companies, HCL Tech, Wipro, Tata Consultancy Services, Tech Mahindra, Nestle, Tata Motors, Infosys, Bharti Airtel, UltraTech Cement, and Tata Steel were the major losers. Conversely, Axis Bank, HDFC Bank, ICICI Bank, JSW Steel, Mahindra & Mahindra, and Kotak Mahindra Bank were the top gainers.

Tokyo markets closed positively, while Seoul, Shanghai, and Hong Kong ended in the red. European markets showed mostly positive trends, with US markets closed for the Thanksgiving holiday on Thursday.

The global oil benchmark, Brent crude, saw a modest uptick of 0.18%, reaching USD 81.57 per barrel. Foreign Institutional Investors (FIIs) were net buyers on Thursday, acquiring equities worth Rs 255.53 crore, as per exchange data.