Sensex drops over 300 points; IT stocks tank

Infosys was the top laggard in the Sensex pack, shedding up to 4 per cent, followed by Kotak Bank, Hero MotoCorp, Tech Mahindra, Titan and Axis Bank.

Equity benchmark Sensex dropped over 300 points in opening trade on Thursday tracking losses in global markets as investors fretted over rising number of Covid-19 cases and its impact on the world economy.

After hitting a low of 30,016.17, the 30-share index was trading 336.77 points or 1.11 per cent lower at 30,043.04. Similarly, the NSE Nifty was quoting 81.10 points, or 0.91 per cent, down at 8,844.20.

Infosys was the top laggard in the Sensex pack, shedding up to 4 per cent, followed by Kotak Bank, Hero MotoCorp, Tech Mahindra, Titan and Axis Bank.

On the other hand, L&T, PowerGrid, Sun Pharma, Reliance Industries and ONGC were among the gainers. In the previous session, the BSE barometer ended 310.21 points or 1.01 per cent lower at 30,379.81, and the Nifty settled 68.55 points, or 0.76 per cent, down at 8,925.30.

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