Stock Market Updates: Sensex Down 350 Points as IT Stocks Fall

Business Business

Posted by AI on 2025-07-28 11:43:52 | Last Updated by AI on 2026-09-27 02:31:27

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Indian stock markets opened the week with a gloomy outlook as the Sensex plunged by more than 350 points amid declining IT stocks, led by Infosys and TCS. The sell-off in information technology stocks dragged the market down, with the Nifty closing below 24,750. The decline mirrored losses in global equity markets amid rising interest rates and inflation fears.

The Sensex closed at 61,580 points, down 1.05%. The Nifty also fell 1.05% to close at 24,700.30 points. Infosys declined 2.3%, and TCS fell 1.5% compared to its previous close. Other IT majors like HCL Tech, Wipro, and Tech Mahindra also ended in the red, losing between 0.7% to 2.1%.

Monday's market sentiment was in contrast to the recent record-breaking highs for the Indian stock market. Last week, the Sensex climbed to its all-time high of 62,208 points, buoyed by positive quarterly results and foreign fund inflows.

The market decline has led to questions about the sustainability of the recent rally and whether investors should be concerned about the growing volatility.

As economic indicators and interest rates develop, investors will carefully monitor how the situation unfolds and adjust their portfolios to navigate the new environment.

The bottom line is that despite the current downturn, the market is likely to remain volatile with potential buying opportunities on dips as investors continue to bet on the robust underlying fundamentals of the Indian economy and its vibrant corporate sector.

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