Sensex news today: Sensex falls 300 pts, Nifty below 25,750
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Stock market today: Sensex, Nifty declined as investors stayed on the sidelines, awaiting cues from U.S. Federal Reserve Chair Jerome Powell's commentary on the likely path of interest rates in 2026.
The equity benchmark indices fell for the third straight session on Wednesday as investors stayed cautious ahead of the US Federal Reserve’s policy signals for 2026, while the continued foreign fund outflows also weighed on the sentiment.
At 2:25 p.m., the Sensex declined 299.15 points or 0.35 percent to 84,367.13, while the broader Nifty fell to 25,745.50, down 94.15 points or 0.36 percent.
InterGlobe Aviation, ETERNAL and HDFC Bank were among the major laggards in the Nifty50 pack, declining up to 3 percent, while Hindalco Industries and Eicher Motors were among the top gainers, rising up to 2 percent.
Key factors behind market decline
1) Fed signals in focus: Markets are widely expecting a third rate cut by the Federal Reserve tonight. However, investors are looking for clarity on the central bank’s stance for 2026 amid differing views among Fed officials on inflation and labour market risks. Uncertainty around the likely successor to Chair Jerome Powell, whose term ends in May, has also tempered expectations of deeper cuts.
"Fed’s rate cut may be priced in, but next year’s guidance, inflation amid tariff effects, and the upcoming Governor change will be key to watch," said Harish Krishnan, Co-CIO and Head of Equity at Aditya Birla Sun Life AMC.
2) Weak global cues: Major Asian indices, including Shanghai’s SSE Composite, Hong Kong’s Hang Seng and Japan’s Nikkei 225, were trading lower. Overnight, Wall Street also ended broadly weaker.
Stock Market LIVE Updates
3) Continued FII selling: Foreign Institutional Investors offloaded equities worth Rs 3,760.08 crore on Tuesday, marking the ninth straight session of net selling. Persistent FII outflows generally put pressure on Indian markets as they reduce liquidity and reflect risk aversion toward emerging-market assets.
4) Crude oil firm: Brent crude rose 0.15 percent to USD 62.03 per barrel. Rising crude prices tend to weigh on domestic equities as India is a major importer of oil, and higher prices can add to inflationary concerns and impact corporate margins.
Technical Analysis
Anand James, Chief Market Strategist at Geojit Investments, said "Nifty will begin today with fears of revisiting yesterday's low of 25732, but a collapse is less expected as intermittent upswings could be attempted. Break of 25923 could invite short covering, but a vertical rise is unlikely, unless above 26030."
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