Sensex finishes 861 points lower and handily gives up 17,350 – Rupee off record low, ends at 79.96 vs dollar

Market at Close | Sensex and Nifty50 in red but off day’s lows

Here are some highlights:

–IT and metals stocks pull headline indices down

–FMCG stocks offer some support

–IT Shares Drop on US Recession Concerns — Nifty IT Drops Three Percent

–Except Nifty50 FMCG, all NSE sector indices in red

—India VIX fear index rises eight percent

–IRCTC down as company pulls out of data monetization tender – inventory down four percent

–City Union Bank not recovering despite management clarification on RBI report – stock drops 4%

–Info Edge, Mindtree, L&T Info, Coforge, Bandhan, Mphasis, Concor top midcap losers

–Escorts Kubota, Colgate, India Cements, IDFC, BHEL gain

— Market width favors the bears – advance-to-decline ratio at 1:2

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