Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
  Rashtriya Sahara Roznama Sahara
Stock Market Update: Sensex tanks 1,200 pts, Nifty around 16,900 dragged by realty, IT, pharma
Last Updated : 27 Jan 2022 11:55:03 AM IST


The Indian equities fell well over one per cent in early trade on Thursday after the US Fed's Federal Open Market Committee said that it was ready to tighten monetary policy through rate hike.

In its latest meeting on Wednesday, the Federal Open Market Committee kept its policy interest rate "near zero" and stated its expectation that an increase in this rate would "soon be appropriate."
"The Committee also agreed to continue reducing its net asset purchases on the
schedule we announced in December, bringing them to an end in early March," the US Fed's Chairman Jerome Powell said at the post-meeting press conference.
At 10.25 a.m., Sensex traded at 56,879 points, down 2.00 per cent or 1,278 points, whereas Nifty at 16,890 points, down 1.9 per cent or 307 points.
Since the start of the year, the benchmark indices have fallen around four per cent, much of it was led by fund withdrawal by foreign institutional investors.
Among the stocks, Titan, HCL Technologies, Wipro, Tech Mahindra, and Hero Motocorp were the top five losers in the morning session.
Cipla, Axis Bank, ONGC, and Bharti Airtel, on the contrary, were some of the top gainers.

For Latest Updates Please-

Join us on

Follow us on

What binds the two most talked about nations - India and Pakistan together? What makes the

'Udaariyaan' actress Twinkle Arora shared that though she used to seek validation from oth

LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte


Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live