Stock market live updates: The markets slipped into red after a promising start in sync with weakness in Asian peers and US futures, a day after the US Federal Reserve hiked interest rates by 75 bps.
The BSE Sensex was down nearly 1,000 points, hovering around 51,500-level, after having touched a high of 53,142 in early deals. The NSE Nifty skid near the 15,350-level, and was down nearly 300 points..
The broader markets were also seen holding heavy losses. The BSE MidCap and SmallCap indices were down around 2 per cent each.
Among stocks, GE Power India gained over 2 per cent after the company’s arm GE Energy Financial Services acquired a 49 per cent stake in Continuum Green Energy’s 148.5 megawatt Morjar onshore wind project in Gujarat for an undisclosed sum.
Mahindra Lifespaces also rose 2 per cent after the company’s wholly owned subsidiary, Mahindra Bloomdale Developers launched its second residential project ‘Mahindra Nestalgia’ in Pune.
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