Indian Indices Dip on Rate Cut Concerns Amid Inflation Data; Nifty IT Leads Sectoral Losses

13 Dec 2023 , 01:53 PM

Indian benchmark indices exhibit a negative trend today, influenced by concerns over delayed rate cuts sparked by domestic and US inflation data. Sensex records a 0.25% decline from the previous day’s close, trading at Rs 69,376 at the time of writing.

Nifty experiences a 0.21% dip from the previous close, trading at Rs 20,861. With the exception of auto and pharma, all sectors register losses in the market.

Nifty IT emerges as the top sectoral loser, witnessing a drop of over 1% during the trading session.

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