Weak international cues on the again of hotter-than-expected US inflation report in August propelled decrease begin for home fairness markets on Wednesday. Frontline indices Nifty50 declined over 150 factors to commerce under 17,900 ranges, whereas the S&P BSE Sensex slumped over 700 factors to commerce at 59,867 ranges.
Broader markets, too, traded feebly as Nifty Smallcap 100 and Nifty Midcap 100 slipped over 1 per cent.
All sectors nosedived in destructive territory with Nifty IT, Nifty Realty, and Nifty Metallic indices bearing the brunt of the brutal selloff.
Tech Mahindra, TCS, Wipro, Infosys contributed closely to the losses in benchmark indices. Asian Paints, NTPC, Kotak Mahindra Financial institution, nonetheless, tried to trim losses.
Amongst particular person shares, shares of KEC Worldwide gained over 3 per cent in a weak market after the corporate bagged new orders of Rs 1108 crore.
In addition to, shares of Ambuja Cements hit contemporary 52-week excessive of Rs 498 per share after the corporate deliberate to mull fund increase on Friday, September 16.
