Stock Market: Sensex fell by more than 1100 points due to the decision of US Fed Reserve, investors lost Rs 4.24 lakh crore
Sensex fell more than 1100 points in early trade due to weak global cues and weakness in Asian markets. At the same time, Nifty50 slipped below 17,000.
US Federal Reserve Chairman Jerome Powell has hinted at raising rates from March.
The US Federal Reserve has indicated to increase interest rates from March. Due to the decision of the Fed, including the global market on Thursday domestic stock exchanges (stock market, A decline is being seen in In early trade on weak global cues and weakness in Asian markets Sensex Broke over 1,100 points. There itself, Nifty50 slipped below 17,000. In the early trade, all sectoral indices are seen trading in the red mark. In the sectoral index, Nifty IT, Nifty Metal, Nifty Pharma and Nifty Realty indices lost more than 2 per cent. Investors lost more than Rs 4 lakh crore due to heavy fall in the market. Let us tell you that on the occasion of Republic Day, the stock, foreign exchange market and bullion market remained closed on Wednesday.
Fed gave indications of increasing interest rates Federer Reserve Chairman Jerome Powell has hinted at raising interest rates from March. He said that raising the rates will not affect the economic situation. Apart from this, the deadline for reducing the balance sheet of the Fed has also been indicated. After the Fed decision, the US markets fell sharply and the Dow Jones fell by more than 1000 points.
The impact of the fall in the US markets was visible on the Asian markets on Thursday. Asian shares fell to their lowest level in more than 14 months, short-term US yields hit a 23-month high and the dollar on Thursday after the Federal Reserve chairman signaled plans to continue tightening policy. Strength came.
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