December 19, 2024 12:20 PM
Sensex, Nifty plunge after US Fed signals fewer rate cuts for 2025
India's benchmark indices opened sharply lower on Thursday, mirroring a global sell-off after the US Federal Reserve signaled fewer rate cuts for 2025. The Nifty 50 index plunged 1.33%, shedding 321 points to open at 23,877.15, while the BSE Sensex dropped 1.44%, falling 1,153.17 points to open at 79,029.03. The downturn comes as investors reacted to the Fed’s reduced rate cut expectations, which dashed hopes of robust economic stimulus and easing inflation. The ripple effect triggered sharp...