Why Sensex fell over 1,100 points, Nifty crashed below 24,350 today: US Fed jitters, weak rupee among key factors
Why Sensex fell over 1,100 points, Nifty crashed below 24,350 today: US Fed jitters, weak rupee among key factors The Sensex and Nifty declined up to 1.47 percent on December 17, as investors stayed cautious ahead of the US Federal Reserve’s interest rate decision on Wednesday. Heavy selling pressure in finance, metal, FMCG, and IT shares, coupled with weak global cues and a falling rupee, weighed on market sentiment. Falling for the second day in a row, the BSE Sensex tanked 1,064.12 points or 1.30 per cent to settle at 80,684.45. During the day, it slumped 1,136.37 points or 1.39 percent to 80,612.20. The NSE Nifty tumbled 332.25 points or 1.35 percent to 24,336. Sectoral indices like Nifty Bank, Nifty Energy, and Nifty Infra fell 1-1.5 percent each. Ad Key factors behind today’s market crash: 1. US Fed jitters: Investors are closely watching the US Federal Reserve’s interest rate decision on Wednesday. Markets have already priced in a 25 basis points rate cut, but investors wi...