IT sell-off drags Sensex down 480 points, Nifty falls 150 points to 25,625; broader markets underperform

Benchmark indices extended their morning losses into afternoon trade on Thursday, with the Sensex down 480.24 points or 0.57 per cent at 83,337.45 and the Nifty falling 150.10 points or 0.58 per cent to 25,625.90 as of 12:30 pm, weighed by persistent weakness in information technology stocks following concerns over automation tools impacting outsourced services. Market breadth remained negative, with 2,450 stocks declining against 1,462 advances on the BSE, while 66 stocks hit 52-week highs and 64 touched 5 ...