Sensex today: Domestic markets opened lower in Thursday trade after the US Federal Reserve raised interest rates by 75 basis points (bps) for the fourth time in a row, pushing the benchmark lending rate to 3.75-4 per cent.
The major index Nifty 50 was trading below the 18,000 level with a fall of more than 50 points and the S&P BSE Sensex was trading at 60,609 level, down over 250 points.
Weakness also gripped broader markets, such as nifty The Midcap 100 and Nifty Smallcap 100 indices fell up to 0.1 per cent.
except nifty auto and Nifty FMCG index, all sectors plunged into the red sea, Nifty Realty and Nifty IT indices fell up to 1 per cent.
global signal
Asian stock markets fell on Thursday after the US Federal Reserve launched a long-hardened campaign that expected markets to stall, sank bonds and lifted the dollar.
US stocks fell sharply on Wednesday, as comments from Fed Chair Jerome Powell dashed initial optimism over the Fed policy statement, which raised interest rates by 75 basis points but indicated that smaller rate hikes are on the horizon. Might be possible.
Oil futures fell early on Thursday as the dollar strengthened on a firmer stance by the Federal Reserve, but concerns over supply risks kept a floor below prices. Brent crude was down 44 cents, or 0.5%, at $95.72 a barrel as of 0146 GMT, while US West Texas Intermediate (WTI) crude futures were down 59 cents, or 0.7%, at $89.41.
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