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Sensex declines 0.30 per cent; Nifty down 0.27 per cent; IT stocks record losses

Equity benchmark indices Sensex and Nifty opened lower on Wednesday amid volatility in IT and services stocks. The Sensex slipped over 247 points while the Nifty dropped 70 points. Analysts expect continued churn from IT towards banking, auto and pharma sectors despite positive global cues

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Representational image

Representational image

Amid the concerning market volatility, equity benchmark indices Sensex and Nifty began the trade in negative territory on Wednesday, tracking losses in IT and services stocks in a volatile session.

As reported by news agency PTI, after a bearish start, the 30-share BSE Sensex further declined 247.92 points, or 0.30 per cent, to 83,203.04.

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