Bank Nifty also fell 51.25 points to trading at 49,114.70.
The impact of not cutting interest rates from the Federal Reserve was seen on the domestic stock market. The stock market opened in red mark on Thursday. The benchmark Sensex of Bombay Stock Exchange, around 9.24 am, was trading at a level of 76,452.80 with a decline of 80.16 points. Similarly, the National Stock Exchange’s Nifty was also trading at 23,157.50 with a slight decline of 5.6 points. Bajaj Finance, Bajaj Finserv, Bharti Airtel, Bharat Electronics, NTPC were in the major benefits on the Nifty, while Tata Motors, HDFC Life, Axis Bank, ICICI Bank, Kotak Mahindra Bank were in loss. The Federal Reserve did not change the policy rate.
According to Khar, in early trade, in the Nifty Sectoral Index, the Nifty Consumer Durables Index declined by 1.33%. The Nifty Auto saw a decline of 0.95%. Nifty IT declined by 0.50%. Only five index were on the red mark. This means that the broad market was performing better than top stocks.
Today’s trend in Asian market
The Asian shares on Thursday on Thursday, after the US Federal Reserve started trying to help the economy to help the economy at an attempt to help the economy through easy rates. Some markets of Asia-Pacific remained closed due to lunar New Year holiday. Japan’s benchmark Nikkei rose 0.4% to 39,570.73. According to AP news, Australia’s S&P/ASX 200 rose 0.7% to 8,508.30. On Wednesday, S&P 500 fell 0.5% to 6,039.31 following a widely expected decision of the Fed. Dow Jones Industrial Average fell 0.3% to 44,713.52, and Nasdaq Composite fell 0.5% to 19,632.32.
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