Sensex down 800 pts, Nifty near 23950; Nifty Realty falls 1%; DLF, Prestige weigh

The Nifty50 and the Sensex fell, tracking a sharp losses in IT stocks as Accenture’s soft revenue guidance muddied the growth outlook.

As of 11:00 AM, the Nifty50 was down 224.15 points or 0.93 per cent at 23,943.85, and the Sensex fell 817.64 points or 1.06 per cent to 76,592.34.

Infosys, Tech Mahindra, and Tata Consultancy Services were the top losers in the Nifty 50 index.

In the broader markets, the Nifty MidCap was down 0.37 per cent, while the Nifty SmallCap were trading 0.10 per cent higher.

Sector-wise, the Nifty IT was the biggest loser with nearly 6 per cent decline. The Nifty Realty and the Nifty Consumer Durables also weighed. The Nifty Pharma and the Nifty Healthcare outperformed.