Domestic equities plunged on Thursday after the US Federal Reserve decided to keep the policy rate unchanged but stuck with forecasts for one more rate hike this year.
By 9.40 am, Sensex was trading 238.14 points, or 0.37 per cent down at 64,912.88, while Nifty50 was down 77.20 points, or 0.40 per cent to trade at 19,288.05.
Why is stock market crashing today? Snapping its longest winning streak in over two years, Sensex on Monday lost nearly 950 points as IT stocks faced investor wrath. Infosys share price hit a 52-week low of Rs 1,185.30 on the NSE as the shares of India s second-largest IT company tanked 15% on below par Q4 earnings. Watch this Business Today Visual Story to check key factors dragging markets today.