Tuesday, December 5th, 2023

Due to the decision of US Fed, the stock market opened weak, Sens*x fell by 293 points, Nifty also close to 18,003

Photo:PTI Share Market

US Fed: The effect of the increase in interest rates by the US central bank by 75 basis points once again is being seen in the early trading of the Indian stock market. The Beers Sens*x fell 293.82 points to open at 60,612.27. There is also a decline in Nifty. NSE Nifty is trading 79.10 points down at 18,003.75 points. However, both the indices are trading above critical levels. LT, BAJAJFINSV, POWERGRID, KOTAKBANK, ULTRACEMCO, SUNPHARMA, HDFCBANK and SBIN are seeing a decline in the early trade of the market. Experts say that another increase in interest rates by the US Fed may increase selling by foreign investors. Due to this, there is a possibility of further downside in the market. At the same time, in the special meeting of RBI today, there will be a discussion on controlling inflation. The market will also have an eye on this. In such a situation, today there can be big fluctuations in the entire trading session.

The market was closed yesterday too

On Wednesday, the momentum in the stock markets for the last four trading sessions had stopped on Wednesday. The BSE Sens*x had closed 215.26 points lower at 60,906.09. Similarly, the Nifty of the National Stock Exchange also closed at 18,082.85, down 62.55 points or 0.34 percent. On Thursday, there was a sell-off in the shares of telecom, realty and technology companies. Bharti Airtel’s stock was the biggest loser of 3.05 per cent. Maruti, Hindustan Unilever, Infosys, HCL Technologies, IndusInd Bank and Titan were also among the losers.

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