Sensex crashes 460 points, Nifty trades around 17,900

Sensex plunged over 460 points, erasing early gains after hitting an intraday high of 60,877, and was trading at 60,190. Meanwhile, the Nifty 50 index was trading near 17,900 mark.

From the Sensex pack, Engineers India, Sundaram Fasteners, CEAT, Jindal Saw, Balkrishna Industries were top gainers.

Bajaj Finance, Bajaj Finserv, Cholamandalam Investment & Fin, IRB Infrastructure Developers, Hitachi Energy India were the losers.

On the National Stock Exchange, Engineers India, JBM Auto, Fertilizers and Chemicals Travancore, CEAT, Sundaram Fastener are the winners.

Bajaj Finance, Bajaj Finserv, Cholamandalam Investment & Fin, General Insurance Corp of India, IRB Infrastructure Developers were the top losers.

The markets opened in the green at the start of the day before both the benchmarks turned volatile. In early trade, the 30-share BSE Sensex rose 209.39 points to 60,866.84. NSE’s Nifty index overall gained 59 points to reach 18,101.95.

Equity markets in Seoul, Tokyo, Shanghai and Hong Kong all showed a bullish trend.

US markets closed in the green mark on Wednesday.

The Fed minutes were clearly hawkish with the message that “the restrictive policy stance would need to be maintained until incoming data provided confidence that inflation was on a sustained downward path to 2 percent.”

VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, “Despite this flamboyant minute US markets closed in positive territory as markets are expecting a soft landing for the US economy.” Said,

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