Sensex Today | Stock Market LIVE Updates: Nifty slips below 24,800; Hindustan Zinc down 6% after block deal, Fed decision eyed
Indian markets opened on a cautious note, with the Nifty falling below the 24,800 mark, starting the session at 24,788.35—edging further away from the 25,000 milestone.
The Sensex also opened lower at 81,314.62 and entered volatile territory early in the session.
📉 Stock Highlights:
- Hindustan Zinc shares fell over 6% following a large block trade.
- BSE Ltd initially declined over 5% but later trimmed losses, trading down more than 2%.
📊 Market Indicators:
- GIFT Nifty is trading lower, signaling a weak undertone and hinting at continued pressure on domestic equities.
🌐 Global Watch:
- After a strong Monday, the Nifty gave up gains on Tuesday but held key support levels.
- All eyes are now on Fed Chair Jerome Powell as the US Federal Reserve announces its policy decision tonight. Markets will closely track commentary around interest rate cuts and concerns over rising oil prices.
🏠 Domestic Focus:
- Vedanta is in the spotlight with plans to offload a stake in Hindustan Zinc.
- The company’s board also meets today to consider a potential dividend payout.
- BSE remains in focus after SEBI assigned Thursday as its new weekly expiry day, while NSE will retain Tuesday.
