Indian stock market started weak, Sensex fell to near 59,200 after the shock of US Fed, Sensex fell near 59,200

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Indian stock market started weak, Sensex fell to near 59,200 after the shock of US Fed, Sensex fell near 59,200


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US Fed On Wednesday, it hiked interest rates by 0.75 per cent as expected. The US central bank has raised interest rates for the third time in a row. In this way, the US Federal Reserve Bank has increased its interest rate in the range of 3-3.25 percent. After this increase, the Indian market has had a weak start today. The Sensex fell over 300 points as soon as it opened. Nifty also saw a big decline. However, after about 15 minutes of trading, there is a recovery in the market. BSE Sensex is trading at 59,362.97, down 93.81. At the same time, NSE Nifty also fell 27.75 points to 17,690.60.

RBI can also give a blow

Significantly, the US central bank is continuously increasing interest rates to control inflation in the country. In recent months, inflation in the US had hit a 40-year high. The US Fed says that interest rates can be taken to 4.6 percent by 2023. The US central bank’s target is to bring inflation down to the 2 per cent range. Due to inflation, fear had arisen in America. After this the Reserve Bank of India (RBI) can also increase the interest rates. RBI’s Monetary Policy Committee meeting is going to be held from September 28 to September 30. It is believed that in this meeting, the RBI can take a decision to increase the repo rate by up to 0.35 percent.

Indian market was broken yesterday too

On Wednesday, the local markets were closed with a fall. The BSE 30-share Sensex closed at 59,456.78, down 262.96 points or 0.44 per cent. During the day’s trading, it had slipped 444.34 points or 0.74 percent to 59,275.40. Similarly, the Nifty of the National Stock Exchange also closed at 17,718.35, down 97.90 points, or 0.55 percent. IndusInd Bank was the biggest loser among Sensex stocks, losing 3.19 per cent. Vinod Nair, Head of Research, Geojit Financial Services, said, “Markets around the world remain volatile ahead of the Federal Reserve’s policy announcement. At the same time, the deployment of Russian forces in Ukraine has increased geopolitical tensions and increased the fear of inflation.

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