Stock Market Live: Sensex down 600 pts, Nifty tests 20K; PowerGrid dips 4% | News on Markets

Stock market updates on February 28, 2024: Indian equity market drfited sharply in red owing to selling pressure in index heavyweight Reliance Industries and private bank shares.  

The S&P BSE Sensex was down over 500 points at 72,600 levels. The NSE Nifty 50 quoted around 22,050.

Among the frontline shares, Power Grid, Maruti and Asian Paints were the major losers, down over 2 per cent each. Indusind Bank, Mahindra & Mahindra, Tata Steel and Reliance were the other prominent losers.  

Among individual stocks, Vodafone Idea slipped over 10 per cent after the company’s board approved fund raise up to Rs 45,000 crore in equity and debt; off which Rs 20,000 crore is likely to be raised as early as next quarter.