Sensex Slips 201 Points: Dalal Street Falls on IT Sector Losses
By ThePip Desk
Sensex drops 201.78 points to 74657.21 as selling pressure and IT sector losses hit Dalal Street, despite largely positive Asian market cues.
The BSE Sensex is currently trading at 74657.21, down by 201.78 points or 0.27% after trading in a range of 74596.39 and 75038.93 in early afternoon deals.
Key Index Numbers And Sector Moves
Weak trade persisted over the Dalal Street despite positive cues from other Asian markets, with selling pressure emerging after the initial uptick. On the BSE index, 9 stocks were advancing against 20 stocks declining, while 1 stock remained unchanged.
- Telecom: up by 1.01%
- Realty: up by 0.74%
- Consumer Disc: up by 0.44%
- Utilities: up by 0.35%
- Power: up by 0.21%
- IT: down by 1.06%
- TECK: down by 0.79%
- FMCG: down by 0.53%
- Bankex: down by 0.31%
- Healthcare: down by 0.27%
Top Gainers And Losers On The Index
The decline on the index was led mainly by IT stocks, with investors booking profits after recent gains in the benchmark indices. Meanwhile, Asian markets were trading mostly in green as easing crude oil prices allayed concerns about global inflation.
- Titan Company: up by 1.48%
- Eternal: up by 0.90%
- Interglobe Aviation: up by 0.77%
- HDFC Bank: up by 0.54%
- Adani Ports & SEZ: up by 0.45%
- HCL Technologies: down by 1.57%
- Infosys: down by 1.50%
- Tech Mahindra: down by 1.33%
- TCS: down by 1.23%
- Sun Pharma: down by 1.12%
Steel Sector Outlook And Consumption
Indian Steel Association President Naveen Jindal noted that India’s lower per capita steel consumption of around 107 kg annually compared to the world average of 220 kg leaves ample headroom for domestic output to be absorbed locally. He added that the government has set a target of producing 300 million tonnes by 2030 while India’s crude steel output grew by over 10.7% year-on-year to around 168.4 million tonnes during the April to March period of 2026.