Sensex crashes more than 900 points, Nifty to 17,224 | This is why

Sensex and Nifty with Monday morning trading. It came after an accident in the IT stock after the Infoosus fell 9 percent on the estimated quarter-quarter profit missing. The stock market opened after staying for four days.

While the equity benchmark Sensex fell 1.61 percent or 938.49 points to 57,400.44, Nifty fell 1.44 percent or 251.25 points to 17,224.40.

Infosys The number two Ndia software service provider slumped as much as 9.1 percent to an eight-month low and was the top obstacle to the Nifty 50 index.

The company’s consolidation net income for the March quarter was 56.86 billion rupees ($ 744.24 million), lower than analyst expectations of 59.80 billion rupees, according to Reuters reports.

Sub-index IT Nifty refused the most among the main sub-indices and dropped by almost 4 percent.

Meanwhile, several markets in Asia and Europe were closed due to Easter on Monday. However, US equity futures declined in the midst of a deep crisis in Ukraine.

harry

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