class="post-template-default single single-post postid-12971 single-format-standard wp-embed-responsive post-image-above-header post-image-aligned-center sticky-menu-fade right-sidebar nav-below-header separate-containers header-aligned-left dropdown-hover" itemtype="https://schema.org/Blog" itemscope>

Fed reserve decision caused stock market, open with decline, Sensex below 76,500, Nifty also broken

Bank Nifty also fell 51.25 points to trading at 49,114.70.

Photo: File Bank Nifty also fell 51.25 points to trading at 49,114.70.

The impact of not cutting interest rates from the Federal Reserve was seen on the domestic stock market. The stock market opened in red mark on Thursday. The benchmark Sensex of Bombay Stock Exchange, around 9.24 am, was trading at a level of 76,452.80 with a decline of 80.16 points. Similarly, the National Stock Exchange’s Nifty was also trading at 23,157.50 with a slight decline of 5.6 points. Bajaj Finance, Bajaj Finserv, Bharti Airtel, Bharat Electronics, NTPC were in the major benefits on the Nifty, while Tata Motors, HDFC Life, Axis Bank, ICICI Bank, Kotak Mahindra Bank were in loss. The Federal Reserve did not make any changes in the policy rate.

Decline in these sectoral index

According to the news, in the early trade, in the Nifty Sectoral Index, the Nifty Consumer Durables Index declined by 1.33%. The Nifty Auto saw a decline of 0.95%. Nifty IT declined by 0.50%. Only five index were on the red mark. This means that the broad market was performing better than top stocks. After the third quarter results, Maruti shares remained stable at ₹ 12,000.10 on NSE. The company’s integrated net profit rose 16 percent to ₹ 3,727 crore, which was due to higher sales.

Today’s trend in Asian market

The Asian shares on Thursday on Thursday, after the US Federal Reserve started trying to help the economy to help the economy at an attempt to help the economy through easy rates. Some markets of Asia-Pacific remained closed due to lunar New Year holiday. Japan’s benchmark Nikkei rose 0.4% to 39,570.73. According to AP news, Australia’s S&P/ASX 200 rose 0.7% to 8,508.30. On Wednesday, S&P 500 fell 0.5% to 6,039.31 following a widely expected decision of the Fed. Dow Jones Industrial Average fell 0.3% to 44,713.52, and Nasdaq Composite fell 0.5% to 19,632.32.

Latest business news

Leave a Comment