NIFTY Crashed More Than 1%, Close Below 19910

Everyday Market Watch: Tracking Equity, Today NIFTY crashed and Closed near 19900.

Delhi, 20^th September 2023, NIFTY crashed and fell more then 1% after a long time, Today the Indian equity market is open in red due to the upcoming fed meeting. On which the FED chairman must take a decision, when they should stop increasing interest rates. In last trading session Dow fell more than 1% at a time but later on recovered from the low and closed -106.57 points in red.

Due to the uncertainty, about the outcome of FED meeting, Nifty open gap down in morning session, and all the Asian markets was also traded in red zone. Today nifty closed at 19901.40, Nifty continually traded in a downward trend and closed near the day low. and Sensex also fall almost -800.00 points and closed at 66800.80. on the other hand NIFTY Bank fall -595.25 point and closed at 45384.60.

One of the main reasons for big fall in Nifty50 and Nifty Bank, due to HDFC bank and reliance Industries sell-off. HDFC bank fall 3.87% and Reliance Industries fell 2.29%, both the stock keeps the almost 1/3 weight in the NIFTY index.

All the sectorial indices fell between -0.26 to -1.63%, most underperforming sector was Nifty Metal which fell more than -1.50%.

Check out the Top Gainers and Top Losers in Nifty