The Indian stock market kicked off the week on a sombre note, ending in the red on Monday, September 15, as investors remained on the sidelines ahead of the US Federal Reserve’s policy meeting this week.
The BSE Sensex closed the day 119 points or 0.15% lower at 81,786. Meanwhile, its NSE counterpart, Nifty 50, ended below 25,100 at 25,069, down 45 points or 0.18%. With today’s decline, the 30-pack Sensex snapped its five-day winning run while the 50-stock index Nifty ended in the red after eight straight days of gains.
Indian stock market: 10 key highlights from the day
Here are the top 10 highlights from trade today:
1. Why did the Indian stock market fall today?
As per Ashika Institutional Equities, participants’ sentiment remained cautious ahead of the US Federal Reserve’s policy announcement later this week and the anticipated trade discussions between US President Donald Trump and Indian Prime Minister Narendra Modi.
Selling pressure emerged in the second half, said the brokerage, dragging Nifty to test Friday’s low of 25,038. Sector-wise, strength was observed in Construction, Energy, and Financial Services, while IT, Pharma, and Healthcare witnessed notable weakness, it added.
