Market Watch: Nifty set to correct in near-term
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Description
Selling pressure heavyweights like Reliance, IT stocks and financials dragged the indices lower amid rising volatility due to the weekly expiry of F&O contracts. However, buying in auto stocks gave some support.
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The 30-share Sensex ended 491 points higher at 58,411. Its broader peer, Nifty50, ended at 17,311, up 126 points.
Published 10/17/22
Published 10/17/22
IT stocks have been among the worst sectoral performers on Dalal Street this year. The top 3 worst Nifty performers in 2022 are all IT stocks - Wipro, Tech Mahindra and HCL Tech.
Published 10/16/22
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