Market Wrap: US rate cut uncertainties, geopolitical tensions unnerve investors; SENSEX crashes 1,190 pts, NIFTY50 ends at 23,914

Further, fresh geopolitical tensions, too, weighed on sentiment. Russian President Vladimir Putin has said that Russia struck Ukraine with 90 missiles and 100 drones overnight in response to Ukraine's attacks with UK and US weapons last week.

The BSE BSE Information Technology index ended at 42,654.18 levels, down 987 points, or 2.26%. The biggest contributors to the index's fall were Infosys, TCS, HCLTech, Tech Mahindra, and Wipro. 

The benchmark S&P BSE SENSEX ended at 79,043.74, down  1190.34 points, or 1.48%, while the broader NIFTY50 index settled at 23,953 levels, down 322 points, or 1.33%.

46 out of 50 stocks on the NIFTY50 index ended in the red and the other four in the green. 

Top gainers and losers

Broader Market

The BSE MidCap index ended at 45,929.80, down 28 points, or 0.06%, while the BSE SmallCap index settled at 54,782.58, up 221.65 points, or 0.41%.

Buzzing Stocks

For the second consecutive day, all Adani Group shares traded in positive territory on Thursday. The Adani Green Energy stock hit the 10% upper circuit, while Adani Power shares were up 6.49%.

HUDCO shares, on the other hand, jumped up to 9% to ₹240.50 on the BSE. 

Insurance stocks tumble

Market Statistics

Out of 4,049 stocks traded on the BSE, 2,207 scrips advanced,1,733 declined, while 109 stocks remained unchanged. 

As many as 203 stocks hit their 52-week high while 23 stocks touched their 52-week low. 

Further, 357 stocks on the BSE touched their upper circuits, and 217 hit their lower circuit limits.