{"id":54068,"date":"2024-12-17T10:36:09","date_gmt":"2024-12-17T10:36:09","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/12\/17\/sensex-plunges-over-1000-points-nifty-ends-below-24350\/"},"modified":"2024-12-17T10:36:09","modified_gmt":"2024-12-17T10:36:09","slug":"sensex-plunges-over-1000-points-nifty-ends-below-24350","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/12\/17\/sensex-plunges-over-1000-points-nifty-ends-below-24350\/","title":{"rendered":"Sensex Plunges Over 1,000 Points; Nifty Ends Below 24,350"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares tumbled on Tuesday as caution gripped <span class=\"landLinks\">markets<\/span> ahead of the Federal Reserve&#8217;s interest-rate decision. <\/p>\n<p>The Fed will announce its last move on interest rates for the year on Wednesday and it is likely that the main rate will be cut for a third straight time.<\/p>\n<p>A 25-bps rate cut is already priced in by markets, with investors now waiting to assess the dot chart, Chair Powell&#8217;s statements and the Fed&#8217;s broader outlook, particularly for 2025 under the Trump administration. <\/p>\n<p>Erratic FII flows, a strengthening dollar and rising U.S. bond yields also weighed on markets, triggering selling across the board. <\/p>\n<p>The benchmark S&amp;P\/BE Sensex slumped 1,064.12 points, or 1.30 percent, to 80,684.45 while the broader NSE Nifty index closed at 24,336, down 332.25 points, or 1.35 percent, from its previous close. <\/p>\n<p>Among the prominent decliners, JSW Steel, Bharti Airtel, Hero MotoCorp, Grasim and Shriram Finance plunged 3-5 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex Plunges Over 1,000 Points; Nifty Ends Below 24,350<\/a><br \/>\n<br \/>2024-12-17 10:36:09<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares tumbled on Tuesday as caution gripped markets ahead of the Federal Reserve&#8217;s interest-rate decision. The Fed will announce its last move on interest rates for the year on&#8230;<\/p>\n","protected":false},"author":2,"featured_media":54069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-54068","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/54068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=54068"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/54068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/54069"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=54068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=54068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=54068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}