There is a recession in the stock market for the last 3 days. Even today the stock market closed in the red. By 3.30 pm, Sensex fell 502 points to 80,182 points and Nifty fell 137 points to 24,198 points. In this way, the market was seen in red during the opening and closing.
Stock market closed in red mark
BSE's 30-share Sensex opened with a slight fall on December 18 at 80,666.26 points. In the last trading session it had closed at the level of 80,684.45. The Sensex finally closed at 80,182.20, down 502.25 points or 0.62%. Similarly, Nifty-50 of National Stock Exchange (NSE) also fell and opened below 24,300. Later its decline increased. It closed at 24,180.95, down 155.05 points or 0.64%.
Reason for market decline on December 18?
Experts believe that at the end of the day, investors are taking a cautious stance ahead of the US central bank's policy decision. Investors expect the Federal Reserve to cut interest rates by 25 basis points. However, investors will be more focused on what Federal Reserve Chairman Jerome Powell says after the meeting.
What is the situation in global markets?
In Asian markets, South Korea's Kospi, Hong Kong's Hang Seng and China's Shanghai Composite were in profit while Japan's Nikkei was in loss. At the same time, American stock markets closed with a negative trend on Tuesday.
Impact is visible on sectoral index
- Nifty Media index was down more than 2 percent.
- Nifty PSU Bank index declined by 2 percent.
- Nifty Bank, Financial Services, Private Bank and Metal indices fell more than 1 percent.
- Nifty Pharma index rose more than 1 percent.
- Positivity was seen in Nifty IT index with slight gains.
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