look news india
After the Fed rate cut decision last night, there has been a huge decline in the American markets. Last night the US Federal Reserve Bank announced a rate cut of 0.25 percent, which is the third consecutive cut. Due to which the mood of the market deteriorated and its effect was seen on the Indian stock market including the global market. The stock market has made a weak start. Even today the market is open in the red. Talking about the situation at 9.30 am, the Sensex opened at 79,175 points with a fall of 1,005 points. While Nifty opened with a fall of 303 points at 23,895 points.
Global markets were shaken
Field indicators are red. Bank Nifty fell by 1.30%, Auto by 1.42%, Financial Services by 1.37%, FMCG by 0.21%, IT index by 2.27%, PSU Bank by 1.59%. Private banks fell 1.23%, metals fell 2.18%. Global markets were shaken after the US Federal Reserve lowered expectations of an interest rate cut next year. Asian markets fell, while US stocks fell, with all three major indexes posting their biggest daily declines in months.
Asian markets were lower on Thursday after heavy overnight losses on Wall Street. Japan’s Nikkei 225 fell 1.4% and the Topix fell 1.27%, while South Korea’s Kospi fell 1.84% and the KOSDAQ index fell 1.92%.
Big fall in these 10 stocks!
Shares of Asian Paints are down by more than 2 percent. While Infosys shares fell by 3 per cent, shares of TCS, HCL, Mahindra, HDFC Bank fell by about 2 per cent. In small and midcap, shares of Triveni Turbine, Five Star Business, Sonata Software, Bharti Hexacom, Nykaa, Cochin Shipyard are falling about 3 percent.
How much did BSE market cap fall?
Market cap of companies listed on BSE is Rs. There has been a decline of Rs 5.93 lakh crore, that is, the wealth of investors has declined by Rs 5.93 lakh crore. There has been a decrease of Rs 5.93 lakh crore. Currently, Sensex is trading 1001 points down at 79,172 and Nifty is trading 291 points down at 23,907. Sensex fell 1162 points and Nifty 328 points intra-day.