Sensex snaps Budget rally, IT takes successful

After the bull rally within the final two days, home inventory markets on Thursday misplaced 1.2 per cent on weak international cues and profit-taking, following the post-Budget achieve of two.66 per cent in key indices.
Led by IT, finance and realty sector shares, the Sensex fell 770 factors to 58,788.02, whereas the NSE Nifty index plunged 220 factors to 17,560.20 on profit-taking. The Sensex had gained 1,544 factors on the again of the Budget proposals.
Further, international markets eased as know-how shares throughout the globe got here below promoting strain. Traders globally have been ready for the end result of the Euro and UK central financial institution meets.

All main sectors succumbed to promoting, whereas auto shares confirmed some resistance on the again of sequential development in auto gross sales numbers throughout January.
US futures have been below strain following weak earnings numbers reported by Meta, whereas European markets fretted about financial coverage tightening forward of the ECB coverage announcement.

As per a Reuters report, at 11:57 a.m. ET, the tech-heavy Nasdaq fell 2.38 per cent as Meta and different social media corporations took a beating. The Dow Jones Industrial Average was down 278.06 factors, or 0.78 per cent, at 35,351.27, the S&P 500 was down 68.33 factors, or 1.49 per cent, at 4,521.05.