Stock Market Today: Sensex, Nifty may open down due to F&O expiry, SGX Nifty also down

Stock Market Today: The major Indian equity indices BSE Sensex and NSE Nifty are set to decline this morning as the US Federal Reserve said that it would keep raising interest rates. While the FOMC (Federal Open Market Committee) had priced in a 50 basis point rate increase, Fed head Jerome Powell reaffirmed that the fight against rising inflation was going to continue, teasing potential future rate hikes. SGX Nifty is currently trading 0.37% down as Nifty Futures on the Singaporean Exchange lose more than 68 points.

Wall Street wiped its gains to close in the red

Wall Street erased its gains overnight as a result of the Fed's aggressive tone, ending the day in the negative. While the S&P 500 landed lower by 0.6%, the Dow Jones and Nasdaq both finished lower by 0.4% and 0.7%, respectively. The Nikkei stock market index in Japan declined by 0.25%, while the Hang Seng index in Hong Kong sank by 1.74%. South Korea's KOSPI is down 0.4%, while the Shanghai Composite index is down 0.46%.

Also Read: Mahindra Thar owner faces a 6-month prison sentence for altering his SUV

Stocks under F&O ban on NSE

The National Stock Exchange's F&O ban list for December 15 includes four stocks: GNFC, BHEL, Delta Corp., and Indiabulls Housing Finance. Securities from firms where derivative contracts have exceeded the market-wide position limit by 95% are thus prohibited under the F&O segment.

Stock Market Today: Asian and US markets overnight

The Nikkei stock market index in Japan declined by 0.25%, while the Hang Seng index in Hong Kong sank by 1.74%. South Korea's KOSPI is down 0.4%, while the Shanghai Composite index is down 0.46%.
Wall Street erased its gains overnight as a result of the Fed's aggressive tone, ending the day in the negative. While the S&P 500 landed lower by 0.6%, the Dow Jones and Nasdaq both finished lower by 0.4% and 0.7%, respectively.

Also Read: Tata Nano Electric Car: The futuristic vehicle will make the dream of owning a green vehicle a reality for many, all you must know

Keep watching our  Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER