Stock Market LIVE: Divi's Lab drags Nifty by 100 pts; Adani Ports gains 5%

Indian stock is trading in red on Monday with Sensex down by 300 pts and Nifty 100 pts. Divi's Lab, Infosys and JSW Steel drag the market. Adani Ports, IndusInd Bank and Hero MotoCorp gain. Metal, IT and Auto shed, while FMCG, Media indices are stable.

Adani crisis will continue to cast a shadow on the investors' sentiment this week despite the government assuring that the fundamentals of the Indian economy remain strong. RBI MPC meeting scheduled to be conducted from Feb 6 to 8 will also be in focus. It is expected that the RBI will increase the interest rates by 25 bps