Sensex Today | Stock Market Live: Nifty below 22,800, Sensex plunges over 1,200 pts; all sectors trade in the red Indian stock indices opened sharply lower on March 23 amid weak global cues, with the Nifty 50 slipping below 23,000 for the first time since April 17, 2025. The Sensex fell over 1,200 points, or 2.04 percent, to 73,012.31, while the Nifty dropped 464.65 points, or 2.01 percent, to 22,649.85. All sectoral indices traded in the red, with auto, media, banking, metals, and PSU banks declining 2 percent or more. Major losers included Hindalco, Tata Steel, SBI, M&M, and HDFC Bank, while gainers were Max Healthcare and ONGC. Nifty Midcap and smallcap indices also fell more than 2 percent. Tata Chemicals saw its share price drop 4.92 percent to Rs 602.65, hitting a 52-week low of Rs 600.50. The stock traded with lower volumes compared to its five-day average. RailTel Corporation of India received orders worth Rs 24.53 crore from East Coast Railway and Rs 1.59 crore from Prasar Bharti, though its share price fell 2.56 percent to Rs 264.35. CLSA maintained an "outperform" rating on Ask Automotive, citing structural tailwinds like Honda’s capacity expansion and a 35 percent revenue exposure to the automaker. However, the stock fell 1.83 percent to Rs 404. Meanwhile, HDFC Bank terminated three senior executives linked to lapses at its Dubai branch, though the Reserve Bank of India confirmed no material concerns about the bank’s operations. The war in West Asia intensified, with President Trump issuing a 48-hour ultimatum to Iran over the Strait of Hormuz. Iranian officials responded by stating the strait remains open to all except those violating their sovereignty, preventing immediate panic in oil markets. However, global risk-off sentiment persisted, impacting stocks, bonds, and even gold, which saw a sharper decline than equities.#sensex #nifty_50 #tata_steel #hindalco #sbi
