MARKET LIVE: Sensex drops 1,000 pts, Nifty close to 16,350; IT shares sink

The BSE Sensex fell over 1,000 factors to 54,668, whereas the NSE Nifty shed 316 factors to 16,366.

All frontline shares had been within the purple. Among the many Sensex-30 shares, Bajaj Twins, Maruti, Wipro, Ultratech Cement, HCL Tech, Axis Financial institution, Infosys, HUL and Tata Metal had been the highest losers, down as much as 3 per cent.

Tata Motors, Hindalco, and Apollo Hopsitals had been the extra laggards on the Nifty50.

Within the broader markets, the BSE MidCap and SmallCap indices fell as much as 2.2 per cent.

Sectorally, Nifty shopper durables, realty, IT, auto, financials, and metals had been down 2-3 per cent. Remaining sectors additionally held sharp losses. 

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