US Fed's decision. The US Fed kept interest rates unchanged for the second consecutive meeting, with the US economy and labour market improving and inflation remaining well above the US central bank's target.
On Wednesday's trade, the 30-share BSE Sensex dropped to 63,680.94—a 193.99-point loss. At 19,032.60, the Nifty fell 47 points.
Also Read: Stock Market Today: Nifty 50, Sensex fall for second consecutive session; US Fed policy outcome in focus In a single session, investors lost around ₹1.3 lakh crore as the total market capitalisation of the companies listed on the BSE decreased to approximately ₹310.2 lakh crore from roughly ₹311.5 lakh crore. The biggest laggards amongst the Sensex companies were JSW Steel, Bharti Airtel, Kotak Mahindra Bank, HDFC Bank, Asian Paints, Tata Steel, Power Grid, and Nestle.
The main gainers were Tata Motors, Mahindra & Mahindra, Wipro, HCL Technologies, and Bajaj Finserv. "Exciting news! Mint is now on WhatsApp Channels
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