Market Highlights: Sensex closes 323 points lower, Nifty above 11,500; financials drag, Bajaj Finserv slips 2%
Global peers on Thursday morning were negative with all major stocks markets in Asia trading with losses
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Sensex and Nifty ended the day in the red on Thursday. Sensex tanked 323 points while the Nifty 50 gave up the 11,550 mark to end at 11,519. Only 4 of the 30 Sensex constituents finished the day’s trade with gains. HCL Technologies was up over 2%, followed by Infosys which gained close to 1%. Maruti Suzuki India and IGNC were also in the green. Bajaj Finserv, Powergrid, L&T, and TCS were the top index drags. Volatility surge with the India Vix ending above the 20 levels. Among sectoral indices on NSE, only Nifty IT, Pharma and Media ended with gains.
The US Fed has vowed to keep interest rates close to zero until the United States achieves the inflation target of 2% and manages to generate enough jobs. The decision is in line with its decision, announced last month, to undertake a long-term policy framework. This was the US Fed’s last policy action before the Presidential Elections that are scheduled for November this year. US Fed Chair Jerome Powell said that the FOMC will continue to maintain an accommodative stance until the US economy recovers from the damage done by the coronavirus pandemic.
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