Market Wrap: IT stocks drag down Sensex, Nifty on Powell's rate comments
- Posted on November 18, 2024
- By Business News Today
- 4 Views
Market Wrap: IT stocks drag down Sensex, Nifty on Powell's rate comments
Indian stock markets closed lower on Monday, dragged down by IT stocks after Federal Reserve Chair Jerome Powell hinted at delayed interest rate cuts due to strong U.S. economic growth. The Sensex fell 241 points, while the Nifty slid 79 points. Tech companies like TCS and Infosys were among the top losers.
