Markets down over 1%, awaiting cues from budget, US Fed
Mint Mumbai|January 26, 2023
The Indian markets saw significant volatility on the derivatives expiry day on Wednesday as weak global cues also influenced. The session ended with deep cuts as short seller Hindenburg raised concerns over the Adani group's debt position.
Ujjval Jauhari
Markets down over 1%, awaiting cues from budget, US Fed

The caution in the markets also prevails ahead of the Union Budget and the US Federal reserve meeting next week. The Nifty ended the day down 1.25% at 17,891.95, slipping below the psychological 18,000 mark. The Sensex also ended 1.34% lower on Wednesday.

Banks and financial services stocks pulled down the markets as oil & gas, energy, infrastructure, realty index also saw significant corrections. All the sector indexes closed lower.

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