Sensex crashes around 1,000 points, Zomato shares drop by 6% – India Today

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The Sensex on Friday tumbled around 1,000 points in the opening session, mainly due to weakness in IT and financial stocks amid a weak trend in global markets.
The BSE Sensex was trading 980.01 points or 1.66 per cent lower at 57,946.02 in early trade. Likewise, the Nifty 50 fell 283.60 points or 1.61 per cent to 17,322.25.
Infosys was the top loser in the Sensex pack, shedding over 2 per cent, followed by Wipro, Tech Mahindra, HCL Tech, HDFC, Bajaj Finance, M&M and Bajaj Finserv. Zomato stocks also plunged by six per cent, as per a PTI report.
On the other hand, NTPC and Nestle India were the only gainers.
In the previous session, the 30-share BSE Sensex settled 460.06 points or 0.79 per cent higher at 58,926.03. Likewise, the broader NSE Nifty jumped 142.05 points or 0.81 per cent to end at 17,605.85.
Asian share markets fell on Friday after U.S. markets overnight had sold off more aggressively after U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, Reuters reported.
Shares of two-wheeler maker Hero Motocorp fell 2.3 per cent after reporting a fall in quarterly profit.
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