SENSEX slides over 550 pts; NIFTY50 hovers around 23,320; Adani Group stocks sink, IT stocks gain

Adani Group stocks plunged up to 20% amid allegations of a bribery and fraud scheme against Gautam Adani.

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IT stocks gained, with Infosys, TCS, Wipro, and HCLTech leading the NIFTY50 gainers.

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Adani Enterprises, Adani Ports, SBI, and Dr Reddy's were the top losers on NIFTY50.

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Foreign institutional investors (FIIs) sold equities worth ₹3,411.73 crore on Tuesday.

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The BSE Information Technology index rose by 0.59% to 41,638.03 points.

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Broader markets weakened, with the BSE MidCap and SmallCap indices down 0.71% and 0.77%, respectively.

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Asian markets fell following Nvidia's subdued revenue forecast and geopolitical tensions in Ukraine.

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Japan's Nikkei dropped 0.7%, while Taiwan's tech-heavy index declined by 0.5%.

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Safe-haven assets, including gold and government bonds, gained amid global uncertainties.

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