Sensex settles 950 pts lower, Nifty ends below 25,200: Weak global cues among key factors behind market...

The Indian stock market faced a significant setback today, with the Sensex plummeting by 950 points and the Nifty closing below the 25,200 mark. This downturn was primarily influenced by weak global cues, which created a ripple effect across international markets. Investors were on edge as concerns over the U.S. Federal Reserve's potential interest rate hikes loomed, leading to a sell-off in equities. Market analysts noted that the drop in domestic indices was not isolated, as similar trends were observed in major Asian and European markets. The apprehension surrounding the Fed's monetary policy decisions has been compounded by geopolitical tensions and fluctuating commodity prices, adding to the market's volatility. Sector-wise, technology and banking stocks were the hardest hit, contributing significantly to the day's losses. Despite the grim scenario, experts suggest that this downturn could present buying opportunities for long-term investors. They advise maintaining a diversified portfolio to mitigate risks associated with such market fluctuations. As global economic conditions continue to evolve, market participants will closely monitor upcoming policy announcements and economic indicators to gauge future trends.

— Authored by Next24 Live