Sensex Today | Stock Market LIVE Updates: Nifty slips after early gains; Hindustan Zinc drops 6%, all eyes on Fed
The Indian stock markets traded with high volatility today. After opening in the red, the Nifty briefly moved into positive territory, nearing the 25,000 mark, but later slipped back into the red.
- 📉 Nifty opened at 24,788.35, below the 24,800 mark, and lost momentum through the day.
- 📉 Sensex also followed a similar path, starting at 81,314.62, lower than its previous close, and showed volatile movement.
Sectoral highlights:
- 🚗 Auto stocks saw modest gains.
- 🏢 Realty sector also traded positive.
Stock-specific movements:
- 🟣 Hindustan Zinc shares declined over 6% after a large trade.
- 🔻 BSE Ltd fell over 5% early in the session but trimmed losses to trade down around 2%.
On the global front, GIFT Nifty is trading lower, hinting at a weak start ahead.
Looking ahead, all eyes are on Fed Chair Jerome Powell, as the FOMC policy decision is expected tonight. Markets will be closely watching for comments on:
- ⬇️ Potential rate cuts
- 🛢️ The impact of rising oil prices on the US economy
