March 14, 2024 / 07:21 AM IST
Maket on Wednesday
The Indian market closed deep in the red on March 13 as broad-based selling and the mid and smallcap meltdown continued for another day, spooking investors.
At close, the 30-pack Sensex was down 906.07 points, or 1.23 percent, at 72,761.89, while the broad-based Nifty ended 338.00 points, or 1.51 percent, lower at 21,997.70.
A moderate CPI data and steady industrial production growth helped Indian benchmarks open on a positive note but they failed to hold on the gains as selling intensified in the second half, pushing the Nifty below 22,000.
The biggest Nifty losers included Adani Enterprises, Coal India, Adani Ports, Power Grid Corporation and NTPC, while gainers were ITC, UltraTech Cement, HCL Technologies, Kotak Mahindra Bank and ICICI Bank.
All sectoral indices, except IT, ended in the red, with realty, media, PSU bank, telecom, power, oil & gas and metals down 4-6 percent.
Broader indices underperformed the main indices with BSE Midcap index fell 4 percent, registering steepest fall since December 2021, while Smallcap index plunged 5 percent, a major drag since February 2022.
