Stock Market Closing: Thursday's trading session was a loss for the Indian stock market. The Sensex fell 964 points or 1.20 percent to close at 79,218 points and the Nifty fell 247 points or 1.02 percent to close at 23,951. The reason for the fall in the market is believed to be the US Fed's decision to cut interest rates and the future outlook, which has predicted a reduction in interest rates only twice for 2025. At the same time, the market was expecting interest rates to be cut four times next year.

All-round decline in the stock market

There was an all-round decline in the stock market. The Nifty Midcap 100 index fell 167 points or 0.28 percent to 58,556 and the Nifty Smallcap 100 index fell 97.25 points or 0.51 percent to 19,133.

All indexes except pharma and healthcare closed in the red. Auto, IT, fin services, realty, media, energy and private banks were the biggest losers.

27 out of 30 Sensex stocks fell

On the Bombay Stock Exchange (BSE), 1,684 stocks closed in the green, 2,309 in the red and 102 closed unchanged.

27 out of 30 Sensex stocks closed in the red. Bajaj Finserv, JSW Steel, Bajaj Finance, Asian Paints, ICICI Bank, Reliance Industries, TCS, Infosys, Tata Motors and ITC were the top losers. Sun Pharma, HUL and Power Grid Corporation were the top gainers.

What is the opinion of experts

Market experts said, "Indian markets witnessed a broad decline following the global sell-off due to the US Fed's aggressive stance on interest rates. Interest rate sensitive sectors like banking and real estate suffered the most."

Experts further said, “The Bank of Japan's decision to keep interest rates stable surprised economists, which helped reduce the selling pressure. Investors should remain cautious amid continued selling by FIIs.”