The US Federal Reserve’s decision to increase interest rates last night caused panic in the market again today. The markets fell as soon as they opened this morning. The BSE Sensex saw a decline of 250 points in the opening minutes. Whereas the Nifty fell by Rs 90.
Earlier on Wednesday, the markets closed with a steady rise. The 30-share BSE Sensex closed at 58,214.59, up 139.91 points, or 0.24 percent. At one point during the trading, it had jumped up to 344.1 points. Of the 30 Sensex stocks, 18 ended in profit. The 50-share National Stock Exchange’s Nifty also closed at 17,151.90 points with a gain of 44.40 points, or 0.26 percent.
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