MARKET WRAP: Sensex slips 216 pts as IT shares plunge; Nifty ends at 11,914

All that happened in markets today.

11:03 AM

IT stocks tumble; Nifty IT index falls over 2%, Infosys plunges 4%

Information technology (IT) stocks came under heavy selling pressure on Friday after reports said Goldman Sachs has downgraded counters such as Tata Consultancy Services (TCS), Wipro, and Mphasis. The brokerage, as per reports, noted that the IT sector, as a whole, will face cyclical hiccup ahead and the current valuation of the sector is at premium to historical average. READ MORE

10:48 AM

RITES slips 3% as govt's stake sale via offer for sale opens today

Shares of state-owned RITES slipped 3.4 per cent to Rs 295.35 apiece on the BSE on Friday after the government announced to sell up to 15 per cent of its holding in the railways' firm, at a discounted price of Rs 293.5 per share via offer for sale (OFS) route. The sale would fetch the government Rs 1,100.6 crore. READ MORE

10:37 AM

Market check

10:27 AM

Infosys extends fall

10:12 AM

Zee Entertainment off day's low, up 3%

10:03 AM

Network18 Media surges 23% in two days as Sony eyes stake in company

Shares of Network18 Media & Investments rallied 14 per cent to Rs 31.70 on the BSE on Friday, thereby surging 23 per cent in past two trading days on media reports that Sony is eyeing up to 30 per cent stake in Mukesh Ambani's media and entertainment company. The stock was trading at its highest level since June 4, 2019 on the BSE. READ MORE

9:53 AM

Indraprastha Gas Ltd dips 4%

9:47 AM

Market check | Sensex extends decline

9:43 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
VODAFONE IDEA	6.42	-0.22	-3.31	7418415
YES BANK	65.20	0.95	1.48	1244408
EDELWEISS.FIN.	124.60	0.30	0.24	747362
DISH TV	15.83	0.00	0.00	629155
INDIABULLS HOUS.	239.70	8.05	3.48	596321

9:39 AM

Bharti Infratel dips over 2%

9:35 AM

Reliance Industries continues upmove

9:33 AM

IT stocks trade lower

9:30 AM

RITES Ltd dips 3% on govt's OFS plans

9:27 AM

Nifty Pharma index is trading 0.4% higher

9:23 AM

Infosys under pressure in early trade