Stock Market Live: Sensex, Nifty erase gains, now flat; FMCG shares drag

Stock Market Highlights: The key benchmark indices wilted under selling pressure yet again with IT, auto, power and realty shares taking a knock. The NSE Nifty 50 dipped below the 17,000-mark in intra-day deals for the first time since October 13, 2022.

The Nifty hit a low of 16,987, before settling with a loss of 111 points at 17,043 on Tuesday.

The S&P BSE Sensex dropped to a low of 57,721, and finished 338 points lower at 57,900. In the process, the BSE benchmark index has shed 2,448 points in the last four trading sessions.

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Mahindra & Mahindra was the top loser among the Sensex 30 shares, down almost 3 per cent. TCS, Bajaj Finance, Kotak Bank, Wipro, Tech Mahindra, Tata Motors, Asian Paints, HCL Technologies, ITC, Bajaj Finserv and NTPC were the other major losers, down 1 – 2 per cent each.

On the other hand, Titan, Bharti Airtel and Larsen & Toubro were few of the notable gainers.

Shares of Adani Group ended on a weak note today. Adani Enterprises plunged over 7 per cent. Adani Power, Adani Transmission, Adani Wilmar, NTDB and Adani Total Gas were locked at the 5 per cent lower circuit. Adani Ports and Ambuja Cements were down around 4 per cent each.