Business

Markets Take A Pause Following An 8-Day Rally; All Eyes On United States Fed Interest Rate Decision

Today, Benchmark indices ended lower, capping an eight days rise ahead of the United States Federal Reserve’s interest rate announcement and conflicting global markets mixed trends.

The NSE Nifty lost 57.80 points or 0.32 percent to 18,089.85.

The 30-share BSE Sensex fell 161.41 points or 0.26 percent to 61,193.30. It tumbled 330.27 points or 0.53 percent to 61,024.44 during the day.

The top laggards among Sensex corporations were Bharti Airtel, Tech Mahindra, Axis Bank, Bajaj Finance, Larsen & Toubro, Tata Consultancy Services, State Bank of India, Reliance Industries, Wipro, Infosys, HCL Technologies, IndusInd Bank and Tata Steel.

Hindustan Unilever, Asian Paints, Tata Motors, UltraTech Cement, ITC, and Nestle were among the winners.

Also read: United States Interrogates Shein, Adidas, And Nike Regarding Forced Chinese Labor Concerns

In Asian markets, Seoul and Hong Kong closed lower, while Shanghai concluded in the green.

European equity markets were generally in the green. On Tuesday, the US markets honed lower.

The BSE benchmark rose 242.27 points or 0.40 percent to end at 61,354.71 on Tuesday. The Nifty rose 82.65 points or 0.46 percent, to 18,147.65.

Meanwhile, Brent crude, the global oil standard, fell 2.08 percent to $73.75 per barrel.

According to exchange data, foreign Institutional Investors (FIIs) were net buyers on Tuesday, purchasing stocks worth Rs 1,997.35 crore.

Also read: Delhi Experiences Heavy Rain, Minimum Temperature Drops To 24 Degrees Celsius

Spriha Rai

Recent Posts

ED Challenges Jharkhand High Court Bail For CM Hemant Soren In Supreme Court

This move by the ED followed shortly after Hemant Soren's government successfully demonstrated its majority…

20 mins ago

Rahul Gandhi Urges PM Modi To Visit Manipur Amid Ethnic Violence

Rahul Gandhi, following his visit to camps in Manipur on Monday, urged Prime Minister Narendra…

55 mins ago

Ornate Jewels: A Journey of Passion, Craftsmanship, And Elegance

In the world of Ornate Jewels, every creation is not just a piece of jewelry…

1 hour ago

BJP MLA Rajeshwar Singh: Illegal Immigrants A “Threat To The Integrity And Security Of The Country”

This issue poses a significant threat to the integrity and security of the nation. The…

1 hour ago

Unlocking The Benefits Of Fenugreek Seeds For Hair Health

Fenugreek seeds are packed with lecithin, an emulsifying substance that hydrates and conditions the hair,…

2 hours ago

Four Soldiers Killed, Six Injured In Terrorist Attack On Army Convoy in J&K’s Kathua

The Union territory of Jammu and Kashmir has seen a rise in terror incidents in…

2 hours ago