Sensex declines 500 points on US rate cut outlook, Middle East tensions; Nifty below 22,200
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Indian equities declined following Asian markets, anticipating U.S. rate cut delay amidst Middle East tensions. BSE Sensex dropped 534 points, Nifty50 153 points. Leading decliners: NTPC, Bajaj Finance, Infosys, Axis Bank, TCS. The BSE Sensex was trading 534 points or 0.72% lower at 72,868. Nifty50 was trading at 22,119, down 153 points or 0.69% at around 9.17 am. Jio Financial Services rose 5% after the company entered into a new joint venture (JV) with U.S.-based BlackRock Inc to set up a wealth management and broking business in India. Asian markets opened lower on Tuesday, following a lower close in the Wall Street overnight, after stronger-than-expected U.S. retail sales data added to fading expectations of an early Federal Reserve rate cut.

#Sensex #Nifty #UsRateCut #MiddleEastTensions #Bse #Ntpc #BajajFinance #Infosys #AxisBank #Tcs #JioFinancialServices #Blackrock #AsianMarkets #WallStreet #FederalReserve

https://m.economictimes.com/markets/stocks/news/sensex-declines-500-points-on-us-rate-cut-outlook-middle-east-tensions-nifty-below-22200/articleshow/109331906.cms