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MARKET LIVE: Sensex down 400 pts; Nifty tests 18,000; Auto index drops 2%

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Bears weighed domestic lower in Thursday’s intra-day trade amid weak global cues. Nifty50 declined over 100 points to trade near 18,000 levels, whereas the S&P BSE tumbled over 450 points to trade below 61,000 levels.
Broader markets, meanwhile, underperformed benchmark indices as MidCap 100 and SmallCap 100 indices slipped up to 1 per cent. Volatility gauge, India VIX, meanwhile, gained over 2 per cent.
 
Barring Pharma index, all sectors plunged in negative territory, with Nifty Auto and Nifty PSU Bank indices declining the most, over 2 per cent.

Among individual stocks, shares of Aurobindo Pharma tumbled over 6 per cent following reports of arrest of its director Sarath Reddy under sections of the Prevention of Money Laundering Act (PMLA) by the ED. READ MORE

Besides, shares of Tata Motors slipped 5 per cent after the auto major reported higher-than-expected loss at a consolidated level for Q2FY23. READ MORE



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