Nifty closes below 12,800 and Sensex falls 580 pts due to IT and financial stock

On November 19, the benchmark indices broke the 4-day momentum, and the back of profit booking was witnessed in the IT and financial sector.

The Sensex went down by 580.09 points or 1.31% at 43,559.96, and the Nifty also went down by 166.60 points or 1.29% at 12,771.70. Around 1179 shares have an advanced while, 1384 shares declined, and 156 shares remained unchanged.

SBI, Coal India, Axis Bank, ICICI Bank, and JSW Steel happened to be major losers on the Nifty. In contrast, Power Grid Corporation, ITC, NPTC, Tata Steel, and Titan Company gained significantly.

However, Nifty Bank Index shed approximately 3 percent, while Infra and IT indices fell 1 percent each. Energy and FMCG indices were in profit.