Nifty Bank index was the top loser down by 1.04%, Nifty Metal index losing around a per cent.
Chandan Taparia of Motilal Oswal Financial Services is positive on MTAR Technologies with a target price of Rs 1,530.
PowerGrid, falling about 3%, was the top Sensex loser followed by Asian Paints, Axis Bank, Kotak Bank, Bajaj Auto, SBI and M&M
Sensex closed at 59,126.36, down 286.91 points or 0.48%, while Nifty dropped 93.15 points or 0.53% to 17,618.15
Gartner’s estimates that outsourced IT services spend are likely to grow at an 8.6% CAGR over 2020-25.
IOB jumped 12.93% to Rs 23.15 apiece after the RBI decided to remove the public sector bank from the PCA framework
The broader markets were trading with strong gains in early trades. The BSE MidCap index advanced 120 points & BSE SmallCap jumped 192 points.
Rohit Singre of LKP Securities is positive on Deepak Nitrite with a target price of Rs 2,420/2,480.
SRF Ltd, Mphasis, Mindtree, IRCTC, Zomato and Godrej Properties are the six scrips.
NBCC (India) jumped 3.52% to Rs 48.50 after the company said it has hiked project cost to Rs 1,942 crore to build various land parcels.