The Market Remained Under Selling Pressure Due To Global Weakness

The market remained under selling pressure due to global weakness, but the sharp rally in technology stocks post TCS Q4 results and weak rupee capped the losses of benchmark indices.

TCS shares rallied 6.5 percent to hit a record high, adding nearly Rs 40,000 crore to total market capitalisation of Rs 6.5 lakh crore.

The IT is the only index in the green, rising 3.5 percent while other all sectoral indices are in the red.

The 30-share BSE Sensex was down 73.82 points at 34,353.47 and the 50-share NSE Nifty fell 30.90 points to 10,534.40. About 1,343 shares declined against 935 advancing shares on the BSE.

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