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Sensex drops 330 points as IT, financials weigh on Indian markets

India's benchmark indices fell on September 22 despite gains in global markets and easing crude oil prices.

newest coverage 1d agosummary written 23h ago5 pieces NewswiresGoogle News

What to know

  • India's Sensex fell 330 points and Nifty dropped to 23,329 on September 22, ending a four-day winning streak.
  • Weakness in IT, financial, and capital goods stocks drove the decline despite positive global markets and falling crude oil prices.
  • Foreign Institutional Investors offloaded ₹576.20 crore in equities on September 21, signaling reduced foreign confidence.

“Indian equity benchmarks ended lower on Tuesday, with domestic sentiment remaining weak despite a more supportive global backdrop.”

Ponmudi R., CEO, Enrich Money · The Hindu ↗ · Sep 21

Ponmudi R. CEO, Enrich Money

Sensex drops 330 points as IT, financials weigh on Indian markets
The Hindu

How it unfolded 1 development · click the chart to see its coverage articles

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  1. 1

    Sensex falls 330 points, Nifty drops to 23,329 on sector weakness

    On September 22, the Sensex declined 329.91 points (0.44%) to 74,529.08, while the Nifty fell to 23,329. IT stocks, financials, and capital goods led the decline. Bajaj Finserv, Trent, Bajaj Finance, Sun Pharma, TCS, and UltraTech Cement were major laggards.

    “Broad-based selling across IT, financials and consumer goods kept the domestic benchmarks under pressure.”
    — Ponmudi R., CEO of Enrich Money
    1. 3 outlets Closing Bell: Nifty below 23,350, Sensex down 330 pts; IT drags, media gains

      first by Moneycontrol.com, 1d ago · also Telegraph India, The Hindu

      2 more headlines
  2. background

    Sensex jumps 564 points in fourth consecutive day of gains — On September 21, the Sensex rose 564.03 points (0.76%) to settle at 74,858.99, while the Nifty gained 67.90 points (0.29%) to end at 23,414.30, extending a winning streak.