Mumbai, Nov 18 (UNI) The equity market remained under pressure for the seventh straight session on Monday, as BSE Sensex dropped 241.30 pts to settle at 77,339.01 as selling was seen in IT, Technology and Oil and Gas stocks and foreign outflows.
Even, comments from the Federal Reserve chair saying more space for rate cuts further dragged the market.
The National Stock Exchange (NSE) fell 78.90 pts at 23,453.80.
The Nifty registered days high and low at 23,606.80 and 23,350.40 pts respectively.
High volatility was seen during the day, as the BSE Sensex surged 283 pts to open at 77,863.54. It rallied 306 pts at 77,886.97, a days high.
In late trade, it erased earlier gains and settled at 77,339.01, sliding 241.30 pts from its previous close.
It tumbled down 595 pts at 76,965.06, a day-low figure.
The stocks that slipped were IT by 2.34 pc followed by Technology by 1.99 pc, and Oil and Gas by 1.64 pc.
The Mid-cap fell by 0.17 pc while the Small-cap by 0.69 pc.
In 30 scrips, 14 advanced, while 16 declined.
The losers were TCS by 3.07 pc to Rs 4018.85, Infosys by 2.62 pc to Rs 1815.25, NTPC by 1.44 pc to Rs 367.15, HCL Technology by 1.43 pc to Rs 1832.85 and Axis Bank by 1.36 pc to Rs 1125.20.
The gainers were Tata Steel by 2.59 pc to Rs 141.30, Hind Unilever by 1.46 pc to Rs 2423.85, M& M by 1.42 pc to Rs 2848.55, and Nestle India Ltd by 1.37 pc to Rs2213.50.
