Stock Market Expert: Sensex Down 50 Points, Nifty Below 10,700

The Stock Market Expert report says Due to weakness in the global markets, the domestic stock market is open with slight weakness. At the beginning of the trading, the Sensex opened at 1815 to the level of 35159. At the same time, the Nifty also broke 8 points and closed at 10710 levels. During the business, except for FMCG, all sectors are seen selling. There is more drop in bank shares. On Wednesday, the Sensex closed 16 points higher at the level of 35176. At the same time, the Nifty closed 21 points down at 10718.

Midcap, weakness in small-cap stocks

Large-cap stocks, as well as mid-caps and smallcap stocks, are also seeing weakness. BSE's mid-caps index dropped 0.52 percent, while the Nifty Midcap 100 index declined by 0.68 percent. BSE's Smallcap index was up 0.61 percent.

In mid-cap stocks, Vikasangi, Biocon, IGL, Ajantha Pharma, Tata Communications, Home Finance, Petronet, Reliance Infra, Oberoi Realty, Muthoot Finance have fallen 4.95-1.99 percent. However, LTi, Canara Bank, Ashok Leyland, MRPL, Concore, Wockhardt Pharma increased by 1.26-3.94%.

The US Fed not increased rates

The US Federal Reserve has decided not to make any changes in interest rates after a two-day meeting. The US Fed says the central bank, which fixed the price for inflation, is expecting inflation to remain in the same radius. Thus, interest rates can be increased up to 2 times this year. It is believed that the US Fed could increase interest rates in the June meeting. Earlier in March, the Fed had increased its interest rates by 0.25 percent for the first time this year. Currently, interest rates in the US are 1.75%.

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