Sensex falls 600 points 77,100:Nifty drops 167 points; heavy selling in IT and banking shares

The share market is down on July 22. The Sensex is trading at the 77,100 level with a decline of 600 points. Nifty has also fallen by about 167 points and is trading at the 24,100 level. There is heavy selling in IT and banking shares today. Sectorally, on the NSE, barring Nifty Auto, all other indices traded with losses with Nifty Mid-Small Healthcare shedding the most by 2.0%. Oil prices hit five-week high Brent crude prices hit $92 per barrel on Wednesday, climbing to a five-week high amid intensifying geopolitical tensions between the US and Iran. Mixed trading in Asian markets today American markets were up on July 21 Foreign investors bought shares worth ₹4,660 crore in 7 days Note: Net buying/selling figures of FIIs and DIIs are in crore rupees. Rupee weakens The Indian rupee fell 11 paise to 96.36 against the US dollar on Wednesday. Market Witnessed Decline Yesterday Earlier yesterday, on July 21, the stock market witnessed a decline. Sensex closed 238 points down at 77,470. Nifty also fell by 51 points, coming down to the level of 24,188.