Finance
Today’s Stock Market News | Sensex, Nifty, and Stock Prices Highlights: On Thursday, both the NSE Nifty 50 and the BSE Sensex closed in the red. The Sensex fell 0.6% to 65,151.02, while the Nifty 50 fell 100 points to 19,365.25. Bank Nifty closed below 43,900, down 0.13%, while Nifty PSU Bank rose 1.43%. Nifty Oil & Gas down 0.83%, Nifty FMCG fell 0.89%, and Nifty IT fell 0.49%. Despite the benchmark, the Nifty Midcap 100 rose 0.25%, while the Nifty Smallcap gained 0.14%.
The minutes of the US Federal Reserve’s July monetary policy meeting revealed that the Fed officials retained the battle against inflation as their highest priority and were divided regarding the need for further interest rate hikes to combat inflation. This added uncertainty among investors for future rate hikes.
Wall Street ended lower on Wednesday after the Federal Reserve’s minutes showed central bank officials were divided over the need for more interest rate hikes at their last meeting, according to Reuters. S&P 500 gave up 0.76%, the Nasdaq Composite crashed 1.15%, and the Dow Jones Industrial Average lost 0.52%.
Source:FE
