Sensex slides 396 pts; IT shares in demand
Mumbai, Feb. 12 -- The domestic equity indices continued to trade with moderate losses in mid-afternoon trade. The Nifty traded around the 21,650 mark after hitting day's high of 21,831.70 in early trade. IT stocks advanced after declining in the past trading session.
At 14:30 IST, the barometer index, the S&P BSE Sensex, tumbled 395.80 points or 0.55% to 71,199.69. The Nifty 50 index declined 130.45 points or 0.60% to 21,652.05.
The broader market underperformed the frontline indices, the S&P BSE Mid-Cap index declined 1.68% and the S&P BSE Small-Cap index slipped 2.20%.
The market breadth was weak. On the BSE, 1,030 shares rose and 2,932 shares fell. A total of 98 shares were unchanged.
Buzzing Index:
The Nifty IT index advanced 1....
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