Stock market today: Sensex, Nifty 50 fall over 1% each

Stock market today: Indian stock market benchmarks the Nifty 50 and the Sensex fell over a per cent each in intraday trade on Wednesday, March 13, a day after the US inflation prints saw a mild uptick in February, raising concerns that the US Federal Reserve may postpone rate cuts beyond June.

The Nifty 50 opened at 22,432.20 against the previous close of 22,335.70 and fell 1.4 per cent to hit its intraday low of 22,016 by 2:10 pm on Wednesday.

The Sensex opened at 73,993.40 against the previous close of 73,667.96 and fell 1.1 per cent to hit its intraday low of 72,821.

Mid and smallcap indices suffered massive losses. While the BSE Midcap index cracked nearly 4 per cent, the BSE Smallcap index plunged 4.5 per cent in intraday trade so far.

Over 200 stocks, including Hindustan Unilever, SBI Cards and Payment Services and Zee Entertainment, hit their 52-week lows in intraday trade on the BSE.