Stock Market LIVE Updates: Sensex Falls 500 Points, Nifty Opens 150 Lower After Dow Sell-Off The Indian stock market opened sharply lower today, with the benchmark Sensex falling over 500 points and Nifty50 trading over 150 points lower amid a global sell-off triggered by the US markets. The Dow Jones Industrial Average plunged around 700 points overnight, which had an impact on Asian markets including India. The Sensex fell as much as 543 points to 41,113.45 in early trade, while Nifty50 dropped 164 points to 12,145.75. The broader market indices also witnessed significant losses, with the BSE MidCap and SmallCap falling up to 1.5% each. The fall was led by banking stocks, which were hit hard after a decline in bond yields. Banking stocks like HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank fell between 2-4%. The Nifty Financial Services index plummeted nearly 3%. Other sectors that saw significant losses included auto, realty, and FMCG. Maruti Suzuki, the country's largest car maker, fell over 3%, while Hindustan Unilever and ITC dropped around 2% each. Investors are also wary ahead of the Reserve Bank of India's (RBI) monetary policy review next week, which could impact interest rates and bond yields. The RBI is expected to keep interest rates unchanged but may signal a change in its stance later this year. The global sell-off was triggered by concerns over rising inflation and higher borrowing costs. The US Federal Reserve has hinted at an interest rate hike later this year, which has led to a decline in bond prices and a rise in yields. The Indian rupee also fel...#Sensex #Nifty50 #HDFC_Bank #US_Federal_Reserve #Dow_Jones_Industrial_Average #ICICI_Bank #Axis_Bank #Kotak_Mahindra_Bank #Maruti_Suzuki #Hindustan_Unilever #ITC #Reserve_Bank_of_India
