INSUBCONTINENT EXCLUSIVE:
The overall market breadth was negative as 1,342 shares were advancing while 1,920 were declining on BSE.New Delhi: The Indian equity
benchmarks on Wednesday plunged sharply in late morning deals led by selling pressure in information technology and financial stocks amid
Asian shares struggled as U.S
Treasury yields hit fresh two-year highs and a global technology stock sell-off unsettled investors.Back home, as of 11:37 am, the 30-share
BSE Sensex pack was down 514 points or 0.85 per cent at 60,241 and the broader NSE Nifty moved 140 points or 0.77 per cent lower to
17,973.Mid- and small-cap shares were bleak as Nifty Midcap 100 index fell 0.46 per cent and small-cap shares were trading 0.28 per cent
lower.On the stock-specific front, Asian Paints was the top Nifty loser as the stock cracked 2.68 per cent to Rs 3,283.20
Adani Ports, Shree Cement, UltraTech Cements and Tata Consumer Products were also among the laggards.Sub-indices Nifty IT and Nifty
Financial Services slipped as much as 1.85 per cent.On the flipside, ONGC, Coal India, UPL, Hero MotoCorp and Tata Steel were among the
gainers.The overall market breadth was negative as 1,342 shares were advancing while 1,920 were declining on BSE.On the 30-share BSE
platform, Asian Paints, UltraTech Cements, Bajaj Finance, Infosys, Wipro, Hindustan Unilever and HCL Tech attracted the most losses with
their shares sliding as much as 2.60 per cent.Tata Steel, HDFC Bank and Maruti Suzuki India were among the gainers.Sensex had slumped 554
points or 0.90 per cent to close at 60,755 on Tuesday, while the broader Nifty had settled 195 points or 1.07 per cent lower at 18,113.
