Stock market LIVE: Adani Ent, SBI fall as Sensex drops 200 points and the Nifty drops 100 points.

Live Share Market Updates: Sensex and Nifty are trading below 60,500 and 17,800, respectively, as benchmark indices are currently trading in the red. With practically all indices in the negative, PSU Bank and IT indexes are under pressure. While Adani, Infosys, and Wipro stocks are trading lower, Titan is soaring higher. Also trading down are the Asian markets.

Four Adani stocks were downgraded from "stable" to "negative" status by Moody's Investors Service on Friday. The prognosis of the others has remained "stable." The group's goal for revenue growth has been cut in half, and it wants to spend less on new capital projects. Following a market value loss of more than $120 billion for its listed firms, the billionaire is now working to regain investor confidence.

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