Stock Market Crash: There has been a big decline in the Indian stock market after the policy meeting of the US central bank Federal Reserve. Bombay Stock Exchange index Sensex opened today with a huge fall of 1153 points. In early trade, it was seen falling 1.21 percent or 1000 points and trading at 79,191. In early trading, out of 30 Sensex shares, 2 shares were on the green mark and 28 shares were on the red mark. At the same time, the National Stock Exchange index Nifty was seen trading at 23,918 with a decline of 1.16 percent or 280 points in early trade. Out of 50 shares of Nifty, 4 shares were seen on the green mark and 46 shares were seen on the red mark.
Why did the stock market fall?
The Federal Reserve announced a 0.25 percent cut in the key interest rate on Wednesday night. The market was already expecting this. The market was keeping an eye on what the Fed would indicate regarding a rate cut in 2025 and was disappointed in this matter. The Fed estimates that there could be a 0.25 percent cut twice in 2025. Whereas earlier this estimate was of 0.25 percent reduction 4 times.
Also read: America’s Central Bank Federal Reserve reduced interest rates by 0.25%, know the impact on the stock market.
Global markets also declined
The US Fed’s rate cut projections in 2025 have impacted stock markets around the world. Most of the Asian markets are in decline today. There was a decline of about 3 percent in S&P 500 and Nasdaq. Dow Jones closed down 2.58 percent. At the same time, there has been a tremendous rise in the US dollar. After the decisions of the US Fed, the US dollar has reached its highest level in almost 2 years.
There was a decline in these shares
Today, the biggest decline in Nifty pack shares was seen in Asian Paint by 2.20 percent, Hindalco by 2.14 percent, Tata Steel by 1.97 percent, BEL by 1.94 percent and Mahindra & Mahindra by 1.90 percent. At the same time, shares of Dr Reddy and Tata Consumer showed the highest rise.
Decline in all sectoral indices
On Thursday morning, all the sectoral indices were seen trading in the red. The biggest decline was seen in Nifty Metal by 1.57 percent. Apart from this, Nifty IT 1.16 percent, Nifty Bank 1.19 percent, Nifty Auto 1.21 percent, Nifty Financial Services 1.27 percent, Nifty FMCG 0.33 percent, Nifty Media 0.75 percent, Nifty Pharma 0.03 percent, Nifty PSU Bank 1.12 percent in Nifty Private Bank 1.11 percent, Nifty Realty 0.74 percent, Nifty Healthcare Index 0.10 percent, Nifty Consumer Durables 0.77 percent, Nifty Oil & Gas 0.92 percent, Nifty Midsmall Healthcare 0.32 percent, Nifty Midsmall Financial Services 0.94 percent and Nifty Midsmall IT & in telecom A decline of 0.79 percent was observed.
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