STOCK MARKET LIVE: Sensex, Nifty, SGX Nifty, RBI MPC meet, NDTV, Torrent Pharma- QHN

Weak foreign flows, tepid global sentiments, and hopes of tighter monetary policy drove domestic equity markets lower on Wednesday morning.

Key indices Nifty50 declined over 100 points to trade below 16,900 levels and the S&P BSE Sensex dropped over 500 points to trade at 56,579 levels.

Likewise, all sectors started trade on a bearish tone. Nifty Auto, Nifty Metal, and Nifty Bank indices faced the biggest fall as they declined over 1 per cent each.

While Dr Reddy’s, Sun Pharma, Wipro, Infosys, attempted to trim losses for the benchmark indices; HDFC Twins, Reliance Industries, ITC, IndusInd Bank weighed the indices down.

Among individual stocks, shares of Dr Reddy’s gained over 1 per cent after the pharma giant received USFDA nod to market Timolol Maleate, which is used to treat Glaucoma.

Besides, shares of Motherson Sumi Wiring India soared over 6 per cent as board plans to mull bonus shares on Friday, September 30.