Stay updated with breaking news from Ifty Selloff. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Sensex and Nifty fared far better than Asian peers such as Hong Kong's Hang Seng, Korea's Kopsi and Japan's Nikkei, which fell up to 2.2 per cent. The performance of domestic indices was in line with European markets.
Infosys alone contributed over 500 points to the Sensex fall. Shares of TCS (70 points), HCL Technologies (32 points), Tech Mahindra (32 points) and Wipro (12 points) also contributed negatively to the index.
Concerns over rising Covid cases globally and no immediate relief expected on aggressive Fed rate hikes front are weighing on the global economic outlook. At Friday's low of 60,146.16, the BSE 30-pack barometer was down 1,660 points in four sessions