Share Market Today: Sensex Slips 500 Points; Nifty Below 23,400. IT Stocks Drag

Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Monday are trading lower, tracking mixed global cues. At 9.40 am, the BSE Sensex dropped 472 points to 77,108. On the other hand, the NSE Nifty50 was trading at 23,393, down 140 points.Stock updateOn the 30-share Sensex platform, Infosys, TechM, HCLTech, TCS, NTPC, Axis Bank emerged losers. On the flip side, HDFC Bank, Asian Paints, Tata Steel, Bajaj Finance, Titan, Adani Ports were among the gainers.In the broader markets, the Nifty Midcap 100 gained marginally higher by 0.08 per cent, while the Nifty Smallcap 100 declined by 0.09 per cent.India VIX index was 8.17 per cent higher on Monday.Sectoral updateAmong sectoral indices, Nifty IT emerged as the biggest loser, dropping 0.8 per cent, followed closely by BSE Media and Oil & Gas, which also declined by 0.8 per cent. On the positive side, Nifty Metal and Realty led the gains with a 1.3 per cent rise each, while Nifty Consumer Durables added 0.8 per cent and Nifty Financial rose 0.3 per cent.