Business News Desk – Ahead of the US Fed’s decision and amid mixed global cues, there has been a mild sell-off in the domestic stock markets today. Both the Sensex and Nifty indexes have weakened in today’s trading. Today, the Nifty has come close to 25350. At the same time, the Sensex has seen a weakness of about 130 points today. Today, the auto, FMCG, metal, IT, realty and pharma indices on the Nifty have closed in the red mark. While the bank and financial index have closed in the green mark.
Currently, Sensex has seen a decline of 131 points and it has closed at the level of 82948. While Nifty has closed at the level of 25,378, falling by 41 points. Today’s top gainers include BAJFINANCE, BAJAJFINSV, NESTLEIND, HDFCBANK, ICICIBAN. While top losers include TCS, INFY, TECHM, HCLTECH, SUNPHARMA.
Global cues were mixed
Global signals were mixed for the domestic stock market today. Major Asian markets have seen gains in today’s trade. Earlier on Tuesday, US markets were on alert ahead of the US Fed’s decision. On Tuesday, the Dow Jones Industrial closed down 16 points at 41606.18. The Nasdaq Composite closed up 36 points at 17628.06. While the S&P 500 index closed at 5634.58 with a gain of about 1 point. Today the US Federal Reserve will announce its decision on interest rates. Experts expect a rate cut of at least 0.25 basis points this time.
Decline in market cap
Due to the decline in the market and especially the sharp decline in IT stocks and midcap smallcap stocks, the market cap of the shares listed on BSE has closed at Rs 467.58 lakh crore, which closed at Rs 470.29 lakh crore in the last trading session. That is, investors have suffered a loss of Rs 2.71 lakh crore in today’s session.
