Market Sentiment Turns Bearish as Tech Giants Struggle

Market Sentiment Turns Bearish as Tech Giants Struggle

The Indian stock market has taken a turn for the worse, with major tech giants TCS and Reliance struggling to maintain momentum. The Nifty 50 index has dropped by 1.88% in the last trading session, hovering around the 23,500 mark, with TCS being the biggest loser, down by 1.88% to ₹3,920. Reliance has also seen a decline of 0.97% to ₹1,320.

TCS: A Major Concern

TCS, India's largest IT services company, has seen a significant decline in its stock price. The company's stock price has dropped by 1.88% in the last trading session, with a net change of -₹72. The company's 52-week high is ₹4,200, and its 52-week low is ₹3,400. The company's depth chart shows a bearish trend, with the stock price struggling to stay above the ₹3,800 mark.

Reliance Industries: A Weakness in the Market

Reliance Industries, one of India's largest conglomerates, has also seen a decline in its stock price. The company's stock price has dropped by 0.97% in the last trading session, with a net change of -₹12. The company's 52-week high is ₹1,400, and its 52-week low is ₹1,100. The company's depth chart shows a weakness in the market, with the stock price struggling to stay above the ₹1,250 mark.

HDFC Bank: A Sign of Weakness

HDFC Bank, one of India's largest private sector banks, has also shown signs of weakness. The bank's stock price has dropped by 0.5% in the last trading session, with a net change of -₹3.75. The bank's 52-week high is ₹850, and its 52-week low is ₹650. The bank's depth chart shows a bearish trend, with the stock price struggling to stay above the ₹750 mark.

Other Major Losers

Other major losers in the market include Infosys, down by 1.2% to ₹1,520, and Tata Motors, down by 1.1% to ₹950. Hindalco has also seen a decline of 0.8% to ₹920, while Tata Steel has dropped by 0.6% to ₹170. The Sensex has also dropped by 1.2% in the last trading session, hovering around the 76,500 mark.