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Why Is the Stock Market Down Today? Sensex Slides 450 Points as Fed Uncertainty and IPO Rush Weigh on Sentiment
Indian markets fell sharply as investors stayed cautious ahead of the U.
Trading opened on a weak note for Indian equities as investors turned cautious ahead of the U.S. Federal Reserve’s interest rate decision and a week packed with IPO activity. The Sensex slipped over 450 points while the Nifty fell below the 26,050 level, reflecting broad based selling across most sectors. Automobiles, Banking, Financial Services, FMCG, Metals, Pharma, PSU Banks, Realty, and Mid Small Cap indices all remained under pressure.