Share Market News Today | Sensex, Nifty, Share Prices LIVE: Entering the first weekly Futures & Options expiry session of the year, SGX Nifty was deep in red, falling more than 100 points, signaling a negative start to the day’s trade.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic markets soared higher on Wednesday, marking the fourth consecutive session where bulls were in control. S&P BSE Sensex added 367 points or 0.61% to settle at 60,223 while the NSE Nifty 50 index jumped 120 points or 0.67% to end at 17,925. Entering the first weekly Futures & Options expiry session of the year, SGX Nifty was deep in red, falling more than 100 points, signaling a negative start to the day’s trade. Global cues, were negative after NASDAQ tanked 3.34% overnight, followed y a nearly 2% fall in S&P 500 and a 1.07% drop in Dow Jones. Asian markets were also in the red.
The United States Federal Reserve (Fed) could hike rates faster than earlier expected, Federal Open Market Committee (FOMC) members hinted at their meeting that was held earlier last month. The minutes of the meeting were released on Wednesday where members discussed that a recovering US economy and the unabated inflation could push the Fed to hike interest rates faster. Further, FOMC members also discussed the possibility of trimming its asset holdings. The hawkish comments from the US central bank members forced the NASDAQ to tank more than 3% on Wednesday.
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