weather_iconAshburn | 2.55 °C | AQI 19
Sunday, 16 February, 2025

---Advertisement---

Business

Share Market Today: How Indian Equity Indices Reacted To US Fed’s Rate Cut? Check Details

Experts had earlier predicted that Indian stock markets (Sensex and Nifty) trade lower today, affecting by global cues after the US Fed’s rate cut.

Share Market Today: India’s benchmark indices, Sensex and Nifty 50, settled down in red on Thursday, December 19, 2024. The Sensex (index with top 30 firms) tumbled by 964.15 points to settle at 79,218.05 level. Nifty50 (index with top 50 firms) declined by 247.15 points to settle at 23,951.70 points. This decline follows the US Federal Reserve decision to cut its benchmark interest rate by 0.25% to a range of 4.25-4.50%. Notably, the Sensex tumbled by over 1,000 points to reach 79,020.08 pts during the day’s trade. 

Experts had earlier predicted that Indian stock markets (Sensex and Nifty) trade lower today, affecting by global cues after the US Fed’s rate cut. Meanwhile, Asian markets too fell on Thursday, following Wall Street’s sharp decline. Furthermore, Japan’s Nikkei experienced the fall of 1.4%, Topix dropped 1.27%, South Korea’s Kospi declined 1.84%, and Australia’s ASX200 tumbled 1.91%.

---Advertisement---

Additionally, Wall Street too suffered a significant decline, with the Dow Jones tumbling 2.58% in its worst 10-day losing streak in over 40 years. Moreover, the S&P 500 too dropped 2.95% and the Nasdaq declined 3.56%.

ALSO READ: FM Says Rs 14,000 Crore Repaid To Banks From Vijay Mallya’s Assets Sale – Check His Reaction

---Advertisement---

Share Market Today: Stocks In Focus

Based on BSE data, here’s a snapshot of how key stocks performed in Thursday’s trading session.

CompanyPrice ChangeClosing Price (Rs)
ICICI Bank1.83% Down1,289.50
Tata Motors1.51% Down744.30
TCS (Tata Consultancy Services)1.76% Down4,271.50
Reliance Industries (RIL)1.79% Down1,230.60
JSW Steel2.33% Down925
HCL Technologies1.16% Down1,936.50
Tech Mahindra1.31% Down1,755
Adani Ports0.35% Down1,205.80
ITC0.91% Down466.35
Bajaj Finance2.25% Down6,914

On Thursday, 27 of 30 Sensex constituents ended in the red, while only 3 closed in the green territory.

ALSO READ: US Fed Cuts Benchmark Rate By 0.25%: What It Means For India’s Economy?

HISTORY

Written By

Akshat Mittal


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

Latest LIVE News Trending Today, Real Time Updates: Indian Railways Announces Rs 10 Lakh Compensation In NDLS Stampede

Feb 16, 2025
Latest LIVE News Trending Today, Real Time Updates
  • 14:22 (IST) 16 Feb 2025

    Confusion Over Trains To Prayagraj Leads To Stampede At NDLS, Claims Delhi Police

N24 Shorts Logo

SHORTS

Shreyas Iyer scored 78 runs against England in the 3rd ODI
Sports

Why No. 4 Is The Perfect Spot For Shreyas Iyer In The Indian Line-Up? See Report

India managed to clinch the 3 match ODI series comfortably against England with the last match winning by a marginal gap of the 142 runs.

View All Shorts

---Advertisement---

Trending