Markets tumble after US Fed rate cut decision

December 19, 2024 10:01

Benchmark indices Sensex and Nifty slumped in early trade on Thursday following weak global market trends after the US Federal Reserve indicated fewer rate cuts next year.

The 30-share BSE benchmark Sensex tanked 1,162.12 points to 79,020.08 in early trade.

The NSE Nifty tumbled 328.55 points to 23,870.30.

All the 30 blue-chip stocks were trading lower. Infosys, State Bank of India, Tata Steel, Asian Paints, JSW Steel, Bajaj Finserv, Bajaj Finance and Mahindra & Mahindra were the biggest laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.

Wall Street ended sharply lower on Wednesday. -- PTI

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