sensex news: Sensex falls 300 pts amid weak global market mood ahead of US inflation data; Nifty below 22,800

Estimated read time 3 min read
Mirroring the weakness in global markets, Indian headline indices opened lower for the fourth consecutive session on Wednesday as investors cautiously await U.S. inflation data due this week for clues on the Federal Reserve’s interest rate trajectory. Selling was seen across all sectors.

The BSE Sensex was trading 315 points, or 0.42, lower at 74,857. The Nifty50 was down 103 points, or 0.45%, trading at 22,785 around 9:20 am.

In early trade, HDFC Bank, M&M, ICICI Bank, L&T, Reliance, and Axis Bank were the top Sensex stocks dragging the indices down.

On the sectoral front, Nifty Financial Services fell 0.6%, and Nifty Auto declined 0.8%. Additionally, Nifty FMCG, IT, Healthcare, Pharma, and Oil & Gas also saw declines.

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