Business news: Weak start in the stock market; Sensex fell by 73 points

Wednesday’s trading session started with weakness in the stock market. The Sensex fell by 200 points during market opening on the third trading day of the week. On the other hand, Nifty also slipped below 22,350. The domestic stock market fell on Wednesday ahead of the Fed chief’s statement in the US Congress and US job data. During this period, shares of IT sector slipped.

At 9.19 am, the Sensex fell by 210 points or 0.28% to the level of 73,466. Nifty was seen slipping 56 points or 0.25% and trading at the level of 22,300.

Among the Sensex stocks, Tech Mahindra, TCS, Wipro, Infosys and HCLTech were the top losers. At the same time, shares of L&D, Reliance Industries, Kotak Bank, JSW Steel and Tata Steel closed with gains.