News > Heavyweights drag Sensex 770 pts lower

Heavyweights drag Sensex 770 pts lower

Indian shares fell on Thursday, weighed by losses in information technology companies on concerns over growth, while a government move to raise taxes on fuel exports and domestic crude dragged energy stocks. The Nifty IT index dropped 1.5%.

India's economy grew at its fastest pace of 13.5% year-on-year in April-June, though economists flagged that growth could lose momentum in coming quarters.