MARKET UPDATE:Sensex slumped over 700 points to trade at 59,867 levels, while Nifty50 declined over 150 points to trade below 17,900 levels


Published On: Wednesday, September 14, 2022 | By:

MARKET UPDATE:Sensex slumped over 700 points to trade at 59,867 levels,  while  Nifty50 declined over 150 points to trade below 17,900 levels

Opening Bell: Indian equity indices started lower today (14 September 2022) due to weak global cues on the back of the hotter-than-expected US inflation report in August. Nifty50 declined over 150 points to trade below 17,900 levels, whereas the S&P BSE Sensex slumped over 700 points to trade at 59,867 levels. Broader markets, too, traded feebly as Nifty Smallcap 100 and Nifty Midcap 100 slipped over 1 percent. All sectors nosedived into negative territory with Nifty IT, Nifty Realty, and Nifty Metal indices bearing the brunt of the brutal selloff. Tech Mahindra, TCS, Wipro, and Infosys contributed heavily to the losses in benchmark indices. Asian Paints, NTPC, and Kotak Mahindra Bank, however, attempted to trim losses.

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