Sensex Today | Stock Market LIVE Updates: Alkem Labs shares fall 7% after results; Nifty below 25,550

Sensex Today | Stock Market LIVE Updates: The Indian market has been hit hard by the red wave as the Nifty index trades with a major 270 points decline, falling below 25,550 amid a major IT sell-off. The Nifty bank contrary to yesterday, is also in red, falling 200 points. Infosys, TCS, Hindalco, HCLTech, Wipro and Tech Mahindra are the biggest laggards.Sensex Today | Stock Market LIVE Updates:  The Indian markets are under colossal pressure as the IT sell-off continues to batter markets. The Nifty index is down over 200 points, falling to 25,600. The Sensex is down over 700 points, falling below 83,000.The Nifty IT index,, after falling over 4%, has now recovered from the lows of the day, recovering 1000 points, and cutting losses.The shares of Muthoot Finance have fallen by over 11% in today’s trade.The Nifty Bank index is also under pressure now; after resisting pressure, it is now down over 100 points.Some of the biggest losers among the Nifty 500 stocks include Birlasoft, Muthoot Finance, KPI Tech, Cohance Life, Crisil, Praj Industries, among others.Some of the companies reporting their results today include Alkem, BASF, Fortis, GMR Airport, MapMyIndia, and Ola Electric, among others. Watch the space for all the live updates.

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