Market Live Updates: Sensex down 550 pts, Nifty around 17,900; Infosys crashes 4%

Ami Organics gains 2 percent after Plutus Wealth Management acquires additional stake in coPlutus Wealth Management LLP acquired additional 9,53,420 shares or 2.6 percent stake in the company, and Small Cap World Fund Inc bought fresh 15,96,540 shares or 4.38 percent stake in the firm at an average price of Rs 1,037.25 per share. Promoter Shital Nareshbhai Patel and Parul Chetankumar Vaghasia sold three lakh shares each at same price, while investors Virendra Nath Mishra and Kiranben Girishbhai Chovatia sold three lakh shares and 10 lakh shares respectively at the same price.​

Union Minister of Chemicals and Fertilizers Mansukh Mandaviya said the government will not allow companies to raise prices of crop nutrients during the winter season. The Minister was speaking on the sidelines of an international dairy summit and added that there is no shortage of fertilisers in the country. Rashtriya Chemicals and Fertilisers fell 2.5 percent, National Fertilisers lost 2.2 percent, Chambal Fertilisers dropped 2.1 percent and Coromandel International shed 3.2 percent.

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