Sensex Opening Bell: Weakness in the market after Fed's decision, Sensex fell 400 points, Nifty at 17600...
The impact of the Fed's decision is visible on the whole world market. The domestic stock market has also started with a fall. Sensex is trading at 59.037 level, down 419 points. On the other hand, the Nifty is trading at the level of 17608, down 110 points.
The market suffered a setback after the Fed hiked interest rates in the US. Federal Reserve Chairman Jerome Powell has announced a 0.75 percent increase in interest rates. Interest rates have been increased to 3.2 percent. It was recorded in the market and the market closed at the low levels of the day. Dow Jones fell 522 points to close at the 30184 level.
On the other hand, Nasdaq lost 205 points and closed at 11,220 points. The S&P is also down by 2%. Asian markets are also showing a decline. AGX Nifty fell around 130 points to reach 17600.