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Live Stock Market Updates – Sensex dips over 200 points, Nifty below 9850

Markets are trading weaker as bearish sentiments have gripped the market. BSE Sensex tanked over 200 points whereas Nifty traded below the crucial level of 9850.

Nifty Bank lost over 224 points or 0.92% at 24,013 level. Punjab National Bank is the top index loser. The stock slipped over 3.14% at Rs 141.70 per share.

Infosys stock witnessed a steep fall as company’s CEO and MD Vishal Sikka today announced resignation from the company. The stock tanked over 7% at Rs 946.50 per share on NSE.

BSE IT is the top losing index in the morning session on Friday. It is down by 2.2% at 10,221 level. Infosys is contributing majorly to the index losses and dragging it to lower levels.

On the contrary, Trigyn Technologies is the top gaining stock of the index trading higher by 2.43% at Rs 99 per share.

At 10 AM, the S&P BSE Sensex is trading at 31,563 down 225 points, while Nifty is trading at 9841 down 62 points. A total of 10 stocks registered a fresh 52-week high in trade today, while 20 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading down 0.40% at 15,167 while BSE Small-cap Index is trading down 0.67% at 15,588.

Some buying activity is seen in Energy, FMCG and Telecom sectors, while Bankex, Capital Goods and Realty sectors are showing weakness on BSE.

Bharti Infratel, TCS and IOC are among the gainers while Infosys, ZEE Entertainment Enterprise and IndusInd Bank are losing on the NSE.