Stock Market Updates: Sensex Falls 200 Points; Nifty Below 25,300; IT, Bank Shares Drag

Stock Market Updates: Sensex Falls 200 Points; Nifty Below 25,300; IT, Bank Shares Drag


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Indian benchmark indices Sensex and Nifty began Thursday’s session on a subdued note

Stock Market Today.

Stock Market Today.

Sensex Today: Indian benchmark indices Sensex and Nifty began Thursday’s session on a subdued note, tracking mixed global signals.

The BSE Sensex opened at 82,367.21, up 22.53 points or 0.03 per cent compared with its previous close. Similarly, the Nifty50 edged up to 25,345, gaining just 2.25 points or 0.01 per cent at the open.

Global cues

Overnight, the US Federal Reserve, under Chair Jerome Powell, kept interest rates unchanged in the 3.5 per cent to 3.75 per cent range.

Asian markets were in the red. The Nikkei 225 slipped 0.46 per cent, South Korea’s KOSPI declined 0.58 per cent, and Australia’s S&P/ASX 200 dropped 0.8 per cent in early trade.

US equities ended largely flat on Wednesday. The Nasdaq edged up on gains in chip stocks, while investor reaction remained muted after the Fed’s policy decision and limited clarity on the timing of future rate cuts. The S&P 500 closed flat at 6,978.03, the Nasdaq Composite rose 0.17 per cent to 23,857.45, and the Dow Jones Industrial Average also finished flat at 49,015.60.

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