Sensex Today: Domestic markets opened decrease in Thursday’s commerce after the US Federal Reserve hiked rates of interest to 75 foundation factors (bps) by fourth consecutive time, taking the benchmark lending price to three.75-4 per cent.
Key indices Nifty50 declined over 50 factors to commerce under 18,000 ranges and the S&P BSE Sensex lowered over 250 factors to commerce at 60,609 ranges.
Weakness gripped broader markets too, as Nifty MidCap 100 and Nifty SmallCap 100 indices fell as much as 0.1 per cent.
Barring Nifty Auto and Nifty FMCG indices, all sectors drowned in a sea of pink, with Nifty Realty and Nifty IT indices slipping as much as 1 per cent.
Global Cues
Asian share markets slid on Thursday after the US Federal Reserve laid the groundwork for a protracted tightening marketing campaign that torpedoed market hopes for a pause, sank bonds and lifted the greenback.
US shares ended sharply decrease on Wednesday, as feedback from Fed Chair Jerome Powell shattered preliminary optimism over a Fed coverage assertion that raised rates of interest by 75 foundation factors however signaled that smaller price hikes could also be on the horizon.
Oil futures fell early on Thursday because the greenback firmed on the Federal Reserve’s hawkish stance, however considerations over looming provide dangers saved a flooring beneath costs.Brent crude shed 44 cents, or 0.5%, to $95.72 a barrel at 0146 GMT, whereas U.S. West Texas Intermediate (WTI) crude futures retreated 59 cents, or 0.7%, to $89.41.
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