Share Market: Big fall in the stock market before the Federal Reserve’s decision on interest rates.
NSE Nifty was trading at 19,968.90 points with a loss of 164.4 points. Among Sensex companies, HDFC Bank declined the most by three percent.
There was a big fall in local stock markets in early trade on Wednesday amid a weak trend in global markets ahead of the US central bank Federal Reserve’s decision on interest rates.
Withdrawal of foreign funds and selling in HDFC Bank shares also affected market sentiment. BSE’s 30-share Sensex fell 611.48 points to 66,985.36 points in early trade.
NSE Nifty was trading at 19,968.90 points with a loss of 164.4 points. Among Sensex companies, HDFC Bank declined the most by three percent.
Shares of Reliance Industries, Bharti Airtel, Maruti, Titan and Hindustan Unilever were also in loss. Whereas shares of NTPC, IndusInd Bank, Axis Bank and Mahindra & Mahindra were in profit.
In other Asian markets, South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng were among the losers. US markets closed on a positive note on Tuesday.
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