Nifty settles below 24,450 level; IT shares tumble
Mumbai, Aug. 12 -- The headline equity benchmarks ended with significant losses on Wednesday amid weighed down by selling pressure in index heavyweight stocks. Investor sentiment remained cautious ahead of the release of domestic inflation data (CPI) later today, which is expected to provide further cues on the interest-rate outlook and broader market direction. Market participants continued to assess a slew of Q1 FY27 earnings announcements, with stock- and sector-specific movements remaining in focus amid the ongoing earnings season. The Nifty closed below the 24,450 mark.
IT, FMCG and consumer durables shares declined while PSU Bank, media and metal shares advanced.
As per provisional closing data, the barometer index, the S&P BSE Se...
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