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Stock Market Today: Thursday proved to be a tough day for the Indian stock market. The Sensex fell 964 points or 1.20% to close at 79,218, while the Nifty fell 247 points or 1.02% to reach 23,951. Investors suffered huge losses amid the all-round decline.

US Fed's decision raised concerns

The US Federal Reserve gave a disappointing outlook on interest rate cuts. The Fed has expressed the possibility of reducing interest rates only twice by 2025, while the market was expecting four cuts. Global markets also saw a decline due to this news.

Impact on sectoral index

Most sectors of the stock market closed in the red. Sectors like auto, IT, fin services, real estate, media and energy saw the biggest decline. Only the pharma and healthcare index saw a slight rise.

  • Nifty Midcap 100: fell 0.28% to close at 58,556.
  • Nifty Smallcap 100: Went down 0.51% to 19,133.

Top Losers and Gainers

27 out of 30 Sensex stocks declined.

Top Losers: Bajaj Finserv, JSW Steel, Bajaj Finance, Asian Paints, ICICI Bank, Reliance Industries.
Top Gainers: Sun Pharma, HUL, Power Grid.

Global factors put pressure

Along with the aggressive stance of the US Fed, the decision of the Central Bank of Japan to keep the interest rate stable was also a surprise for investors. Due to these global factors, there was a huge selling pressure in the market.

Opinion of experts

Experts say that sectors like banking and real estate suffered huge losses due to the hope of reduction in interest rates being dashed. Selling by foreign investors also weakened the market.

Advice for investors

Looking at the current market situation, experts have advised investors to be cautious. They say that look for long term investment opportunities and avoid short term trades.

It is worth noting that the decision of the US Fed has given a big shock to the markets all over the world including the Indian stock market. There is a possibility of fluctuations in the market in the coming days.

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