Market Latest Updates: Sensex, Nifty Sink 2% Amid Selloff In IT, Financial Stocks ndtv.com

Domestic stock markets suffered sharp losses on Thursday, and were on course to close lower after 10 days of gain, tracking losses across global equities amid diminishing hopes of more stimulus in the US and rising COVID-19 cases. The Sensex index dropped 921.31 points – or 2.26 per cent – to 39,873.43 at the weakest level of the session, and the broader Nifty benchmark dropped to as low as 11,726.30, down 244.75 points – or 2.04 per cent – from its previous close. Analysts awaited more financial results from large cap companies for near-term cues, after Infosys – the country’s second largest IT services exporter – reported a better-than-expected quarterly profit.