Extending losses to the fifth straight session, the Sensex closed below 75,000 for the first time since June 2024. It declined 856 points, or 1.14%, to end at 74,454. NSE’s Nifty fell 242 points, or 1.06%, to close at 22,553. Both indices have now fallen over 5% this year.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.