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Live: Fed skips rate hike; Will bears continue to dominate? Infosys, SJVN in focus | EMS lists today

Indian equity indices ended lower for the second consecutive session on September 20 with Nifty falling below 19,900 amid selling in heavyweights and across the sectors, barring power stocks. At close, the Sensex was down 796 points or 1.18 percent at 66,800.84, and the Nifty was down 231.90 points or 1.15 percent at 19,901.40. After a gap-down start, market remained under selling pressure and extended the losses as the day progress, to end near day's low. Yesterday’s selloff eroded investors' wealth by Rs 2.25 lakh crore, as the market capitalisation of BSE-listed companies slipped to Rs 320.75 lakh crore from Rs 323 lakh crore in the previous session. HDFC Bank, JSW Steel, Reliance Industries, BPCL were among the biggest losers yesterday. This morning global cues are subdued with Wall Street slipping over a percent overnight after the Fed held rates steady on expected lines. However, the central bank has hinted at another rate hike this year. Asian markets edge lower with the GIFT Nifty hinting at another weak session on weekly expiry day. Stocks in the spotlight are Infosys, SJVN and Cipla among others. EMS is slated to make its market debit today. Catch Nandita Khemka in conversation with Kush Bohra, Founder, kushbohra.com and Seth Freeman, Managing Director, B Riley Advisory Services

first published: Sep 21, 2023 08:40 am