BSE launched India’s first futures and options contracts linked to the Focused IT Index, offering investors new hedging and trading opportunities in the technology sector. The launch attracted strong participation, reflecting growing interest in sector-specific derivatives amid evolving market dynamics and global technology trends.
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.