Thursday has been a heavy day for the domestic stock market. The market was seeing good profits for the last 10 days, but the stock market has suffered on Thursday. The Sensex saw a decline of 1,097.98 points by the end of the market session. Sensex fell 2.69 percent to 39,696.76. This was the biggest decline of the season so far. The Nifty also saw a significant decline. The Nifty also fell 304.75 points, or 2.55 per cent, down from its previous session level to 11,666.30.
In fact, on Thursday, there was a huge sell-off in many companies in the financial and IT sectors, due to which there was a stir in the market. Apart from this, the global stock markets have also seen disappointment due to the delay in the Stimulus package in the US and the increasing cases of Kovid-19, which are also seen in the domestic market.
Veteran IT company Infosys reported better-than-expected quarterly profits this time. After this, many large-cap companies are going to release their results, in such a situation, selling has become dominant in the market.
HCL Tech, Tech Mahindra, Bharti Airtel, Bajaj Finance and Infosys have suffered due to the fall in the Nifty. Shares of these companies were trading between 2.60 per cent and 3.76 per cent. However, shares of Tata Steel, Hero MotoCorp, Hindalco and JSW Steel saw a gain of 1.15 to 2.52 per cent.
At the same time, Reliance Industries, Infosys, HDFC Bank and TCS suffered the most losses on the Sensex. These four companies have lost a total of 400 points on the index.