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via thehindubusinessline.comMarkets

Nifty slides below 22,300 at noon; Adani entities, ITC, metal stocks take a beating

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

Indian markets tumble midday as Nifty slips below 22,300 with Adani, ITC, metal stocks leading losses; IT steadies, RBI rate hike weighs on sectorals.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe decline of India's main index with broad losses across key sectors reflects the impact of the RBI rate hike.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Nifty index fell below 22,300 at noon with broad-based selling pressure.
  2. 02Adani entities, ITC and metal stocks suffered the largest losses.
  3. 03The IT sector remains relatively stable while cyclical sectors suffer from the RBI rate hike.

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