Mumbai
The Indian stock market did not like the decision taken by the US Federal Reserve. Its effect was visible not only in the American market but also in the domestic stock market. A decline was seen in the markets around the world after the Federal Reserve indicated less interest rate cuts next year. After this, Sensex and Nifty broke in early trading this morning. BSE Sensex fell by more than 1100 points in early trade to 79,029.08 points. Whereas NSE Nifty was seen slipping 328.55 points to 23,870.30 points. Due to this, investors have suffered a loss of Rs 6 lakh crore in the first few minutes.
Its effect is also being seen in the Indian Stock Market on Thursday. Sensex opened with a loss of more than 1100 points, while Nifty opened with a loss of more than 400 points. However, after some time the situation appeared to have calmed down a bit. Sensex is currently trading 917 points down at 79,238.08. Whereas Nifty50 is trading 283 points down at 23,914.95. Bank Nifty has fallen by 744 points.
Out of the top 30 stocks of BSE Sensex, all the stocks except two are in decline. The biggest fall in Infosys shares was 3 percent. Whereas 47 stocks of Nifty are trading under pressure. While 3 shares are on the rise. Shares of Tata Consumer and Dr. Reddy are seeing a rise.
Big fall in these 10 stocks
Asian Paints Shares are trading down by more than 2 percent. Whereas Infosys Share has fallen by 3 percent, TCS, HCL, Mahindra, HDFC Bank shares have fallen by about 2 percent. In small and mid cap, shares of Triveni Turbine, Five Star Business, Sonata Software, Bharti Hexacom, Nykaa, Cochin Shipyard are trading down by about 3 percent.
Why did the stock market crash?
The US Central Bank Federal Reserve said that further rate cuts are expected, due to which the mood of the market got spoiled and the market got scared due to the Fed’s commentary. Wednesday’s commentary indicated only two cuts in the year 2025. At the same time, the Central Bank has said that there is a need for more strictness on inflation. Due to which the Indian stock market is also feeling pressure.
huge loss to investors
Yesterday the BSE market capitalization was Rs 452 lakh crore, which has come down to Rs 448 lakh crore today after a big fall. That means the market cap has declined by more than Rs 4 lakh crore. This means that the valuation of investors has decreased by Rs 4 lakh crore.
