September 25, 2022

Anarchy in the stock market! The Sensex fell over 1,000 points, with investors losing Rs 4.9 lakh crore

Today, the stock market closed with a fall. Sensex and Nifty fell over 1.5 percent on Friday. The decision of the US Fed meeting on Wednesday had an impact on the Indian market as well.

Today, the stock market closed with a fall.

Today, the stock market closed with a fall. Sensex and Nifty fell over 1.5 percent on Friday. The decision of the US Fed meeting on Wednesday had an impact on the Indian market as well. The BSE Sensex closed down 1020.80 points, or 1.73 percent, at 58,098.92. It crossed the 58,000 level during the day’s trading. At the same time, the NSE Nifty closed down 302.45 points or 1.72 percent at 17,327.35.

Stock market investors lost Rs 4.9 lakh crore due to today’s fall. The market cap of all BSE-listed companies fell to Rs 276.6 lakh crore. Let’s know in detail the reasons for the fall in the stock market.

Decisions of the Federal Reserve

The US Federal Reserve announced a massive 75 basis point hike in the country’s policy rate. Investors around the world did not expect such an aggressive approach from the world’s most powerful central bank. Now the market is concerned that the Fed will take an aggressive approach in the next meeting and hike it by 75 basis points.

Pressure on Rs

The Indian rupee has crossed the 81 mark against the US dollar for the first time. This has put additional pressure on the Indian stock market. Rupee depreciation has made India less attractive to foreign institutional investors.

Bond yield

The benchmark 10-year US Treasury yield also jumped to 3.7180 percent, the highest level since 2011. Whereas, the two-year yield hit a 15-year high on Thursday. In India, the government bond yield here stands at 7.3821 percent and has increased by 20 basis points in the last seven sessions.

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In the world market

The Dow Jones fell 0.4 percent and the Nasdaq 1.4 percent overnight. At the same time, other Asian markets were under pressure for the third day in a row. Where the Japanese market was closed for the holiday. On the other hand, the Shanghai Composite Index fell 0.3 percent to 3,098.87.

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