Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic markets started the day’s trade in red amid negative global cues.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic markets started Thursday’s trading session in the red amid weak global cues. S&P BSE Sensex was down 600 points minutes after the opening bell, falling 1% to sit near 59,600. NSE Nifty 50 shed nearly 180 points or 1% to hover around 17,750. Bank Nifty was down more than 1.2%. Broader markets mirrored the losses while India VIX climbed 4% higher. Bharti Airtel was the top Sensex gainer, up 1%, followed by Sun Pharma, and Dr Reddy’s. All other Sensex constituents were in the red, led by HDFC’s 1.9% fall.
The United States Federal Reserve (Fed) could hike rates faster than earlier expected, Federal Open Market Committee (FOMC) members hinted at their meeting that was held earlier last month. The minutes of the meeting were released on Wednesday where members discussed that a recovering US economy and the unabated inflation could push the Fed to hike interest rates faster. Further, FOMC members also discussed the possibility of trimming its asset holdings. The hawkish comments from the US central bank members forced the NASDAQ to tank more than 3% on Wednesday.