Torrent Power rallies 7%, while Bharat Forge declines 4% as the Sensex drops 170 points and the Nifty falls below 17,900.

 After data showing consumer inflation in the world's largest economy stayed stable in January, investors in India's stock market began trading lower on Wednesday due to concerns about a protracted high-interest rate environment in the US. 

Fast-moving consumer goods lost about 1%, while eleven of the 13 key sectoral indices decreased. 

After statistics revealed that retail inflation in the U.S. increased 6.4% year-over-year in January, exceeding the 6.2% anticipated, the high-weighted IT plummeted over 0.7%. Monthly consumer prices increased by 0.5%. 

The U.S. contributes significantly to the revenue of Indian IT companies. 

Prashanth Tapse, a research analyst at Mehta Equities, said that the general market attitude is still one of "caution."

32 of the Nifty 50's components had a decrease, with Tata Consultancy Services, Hindustan Unilever, Larsen & Toubro, and Apollo Hospitals among the worst performers. 

On Tuesday, Wall Street stocks were neutral, while Asian markets fell. Losing 1.43% was the MSCI's broadest index of Asia-Pacific shares outside of Japan.

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