Sensex crashes 927 points tracking global cues

February 22, 2023

The domestic equity market suffered losses on Wednesday, tracking weak global cues. Growing concerns over the anticipation that US Federal Reserve might keep interest rates higher for longer kept investors on their toes.

The key indices in the domestic market -- BSE Sensex went down 927 points and settled at 59,744.98 level while NSE Nifty lost 280 points and closed the session at 17,546.55 level.

Among the most active stocks on BSE that went up on Wednesday were Supreme Petrochem, Thermax, Johnson Controls-Hitachi Air Conditioning India, Religare and Carysil.

The Reserve Bank of India is also set to release the minutes of its policy meeting that happened in early February on Wednesday. Investors await cues on the trajectory of rate hikes by the central bank. -- ANI