Domestic stock markets traded in negative territory amid weak global signals on Wednesday, however, paring opening losses on the back of new bets on heavyweights such as ITC, Maruti Suzuki and Asian Paints.
The blue chip Nifty50 indices fell more than 100 points to trade below 17,950 levels, while the S&P BSE Sensex tumbled more than 500 points to trade at 60,051 levels.
The broader markets also traded weakly as the Nifty Smallcap 100 and Nifty Midcap 100 fell more than 0.5 percent.
Except for Nifty Media, which defied the dull market mood, all sectors plummeted into negative territory, with the Nifty IT, Nifty Realty and Nifty Metal indices bearing the brunt of the brutal sell-off.
Among the individual shares, the shares of State Bank of India (SBI) it hit the Rs 5 trillion mark in market capitalization for the first time on Wednesday. READ MORE
Furthermore, the actions of Ambuja Cements hit a new 52-week high of Rs 498 per share after the company planned to raise mull funds on Friday, September 16. READ MORE