Stock Market LIVE: Sensex trims losses, down 300pts as SBI, ICICI Bank gain | News on Markets

Opening Bell: Equity benchmark indices took a sharp plunge at Wednesday’s open tracking global market selloff due to hotter-than-expected US inflation data that pushed Fed rate cut hopes further back to second half of 2024. The BSE Sensex fell 600 points to 70,899 and the NSE Nifty50 slipped 150 points to 21,594. 

Wipro, Infosys, IndusInd Bank, HCLTech, Tech M and Titan took the shapest fall on the Sensex, while Eicher was the additional  Nifty loser.

On the flip side, Reliance, BPCL, Adani Enterprises and Adani Ports held gains on the frontline indices. The latter two 

The BSE MidCap and SmallCap indices also declined 0.7-1 per cent.   All indices held losses, led by Nifty IT, which fell 1.7 per cent. Nifty Bank and Nifty PSB indices were down 1 per cent each.