The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 22,442.50 level, a discount of 187.85 points from the Nifty futures’ previous close.

On Wednesday morning, the Sensex slipped over 400 points while the Nifty fell below the 22,400 mark, dragged down by heavyweights like Dr. Reddy’s Laboratories, which dropped 4%, and Infosys, down 3%.

While Cholamandalam Finance topped the Nifty Next 50 with a massive 6% rise, others such as Swiggy and BPCL also recorded an increase above 3%. Titan was the biggest gainer on the