In a volatile session influenced by a hawkish statement from US Fed Chair Jerome Powell, the two key equity benchmarks, Sensex and Nifty, started on a lower note. As of 10 am, the S&P BSE Sensex was down by 213 points at 64,619, while the NSE Nifty50 traded at 19,340, reflecting a decrease of 55 points.
Sector-wise Impact
The market downturn affected various sectors, with notable declines in the banking, automotive, and FMCG sectors.
Stock Performance on Sensex
On the 30-share Sensex platform, major losers included M&M, Asian Paints, Titan, Maruti, Tata Steel, and Tata Motors.
Gainers on Sensex
However, amidst the red market, some stocks showed resilience. PowerGrid, NTPC, TechM, UltraCemco, Bajaj Finance, and HCL Tech emerged as gainers on the Sensex.
Broader Market Trends
In the broader markets, the BSE Midcap index experienced a 0.2% decline, while the BSE Smallcap index recorded a marginal 0.02% gain.
Global Factors Impacting Indian Markets
The market sentiment was significantly impacted by a hawkish statement from Jerome Powell, the US Fed chair. This global influence contributed to the downward trend in the Indian stock market.
The Hindustan Herald Is Your Source For The Latest In Business, Entertainment, Lifestyle, Breaking News, And Other News. Please Follow Us On Facebook, Instagram, Twitter, And LinkedIn To Receive Instantaneous Updates. Also Don’t Forget To Subscribe Our Telegram Channel @hindustanherald
