MARKET LIVE: Sensex down 400pts, Nifty below 17100; RIL mcap tops Rs 19 trn

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Stock market live updates: Tracking global weakness, the domestic benchmark indices started trade lower on Wednesday. The BSE Sensex fell 480 points to 56,944, while the NSE Nifty shed 121 points to 17,070 levels. 

Among the Sensex-30 shares, Bajaj twins, L&T, Ultratech Cement, Maruti, M&M, Infosys, Axis Bank, ITC and Wipro, meanwhile, were the top laggards, slipping up to 4 per cent. 

On the other side, NTPC, Tata Steel, Sun Pharma, HDFC Life, Hindalco, Adani Ports were the top benchmark gainers. 

In the broader markets, the BSE MidCap and SmallCap indices also opened in red down up to 0.24 per cent. 

Sectorally, Nifty IT, Financials, Bank and Auto led losses, falling up to 1 per cent. Nifty Metal index was the only one in green. 

Among stocks, Mahindra Logistics surged 10 per cent. The company posted a 2.8 per cent decline in Q4FY22 net profit at Rs 12.23 crore when compared with Rs 12.58 crore in Q4FY21. Total income, however, grew by 10.2 per cent to Rs 1,078.37 crore from Rs 978.56 crore.

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