Sensex Tumbles 1100 Points Amid Market Havoc, Check Which Stocks Led the Decline

New Delhi (The Uttam Hindu): The decision of the US Federal Reserve to cut interest rates unexpectedly has caused a lot of turmoil in the global markets. The impact of this decision has also been seen on the Indian stock market, where a huge decline has been recorded in the Sensex and Nifty.

On Thursday, the Sensex fell by more than 1100 points and opened at 79,238.08. At the same time, the Nifty is trading at 23,914.95 with a decline of more than 400 points. Bank Nifty also saw a decline of 744 points.

The decision of the Federal Reserve to cut interest rates has increased uncertainty among investors. Experts believe that this decision is a sign of weakness in the US economy. The fall in the US market has also affected other global markets, which has directly affected the Indian market. Due to the fall in the market, investors are selling shares to book profits, which has increased the pressure in the market.

Most of the top 30 stocks of BSE Sensex are trading with a decline. Major stocks like Infosys, TCS, HCL, Mahindra and HDFC Bank have seen a decline of 2-3 percent. Apart from this, small and mid cap stocks have also registered a huge decline.

Experts believe that volatility may persist in the market in the coming days. However, in the long term, the Indian economy is strong and the market is expected to improve.