CLOSING BELL

Stock market highlights: Concerns over hawkish central financial institution motion, amid sticky inflation and resilient financial exercise, fretted buyers on Wednesday. Moreover, elevated geopolitical tensions between Russia and the US, over Ukraine conflict, dampened sentiment. The S&P BSE Sensex slipped beneath the 60,000-mark in the present day, falling practically 1,000 factors and hitting an intra-day low of 59,681.55. The Nifty50, in the meantime, gave up the 17,550-mark intra-day.

The indices settled at 59,745 (down 928 factors or 1.53 per cent), and at 17,554 (down 272 factors or 1.53 per cent), respectively. This was the indices’ greatest one-day fall in a month.

The RBI and the US Fed will launch minutes of their February coverage committee conferences on Wednesday. While India’s retail inflation accelerated to six.5 per cent in January 2023, client value index (CPI) within the US rose 0.5 per cent in January to six.4 per cent. With this spike in inflation information, it provides extra ammunition to each central banks to stay to their coverage tightening path. 

Market Heatmap

Adani Enterprises, Adani Ports, Grasim, JSW Steel, Bajaj twins, M&M, RIL, L&T, Wipro, SBI Life, Titan Company, Ultratech Cement, NTPC, ICICI Bank, Tata Steel, KOtak Bank, Tata Motors, and HDFC Bank fell within the vary of 1.5 per cent to 11 per cent.

ITC, and Bajaj Auto had been the one large-cap gainers, up 0.5 per cent, and 0.26 per cent, respectively. 

In the broader market, Adani Power, Aditya Birla Fashion and Retail, ACC, IRCTC, IDBI, Capacite Infra, SVP Global, Likhitha Infra, and Uflec lunged between 4 per cent and 11 per cent.

Adani Group

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