{"id":66149,"date":"2025-11-04T10:24:44","date_gmt":"2025-11-04T10:24:44","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/11\/04\/sensex-drops-over-500-points-nifty-ends-below-25600\/"},"modified":"2025-11-04T10:24:44","modified_gmt":"2025-11-04T10:24:44","slug":"sensex-drops-over-500-points-nifty-ends-below-25600","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/11\/04\/sensex-drops-over-500-points-nifty-ends-below-25600\/","title":{"rendered":"Sensex Drops Over 500 Points; Nifty Ends Below 25,600"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares ended Tuesday&#8217;s session lower after three top Federal Reserve officials pushed back against expectations of another interest rate cut in December.<\/p>\n<p>Sustained FII selling due to lack of clarity around U.S.-India trade talks also weighed on <span class=\"landLinks\">markets<\/span>. <\/p>\n<p>It is feared that the proposed U.S. Halting International Relocation of Employment (HIRE) Act, which will put tariffs on outsourcing services, is a greater threat to the Indian <span class=\"landLinks\">economy<\/span> than the recent hike in H-1B visa fees.<\/p>\n<p>The U.S. HIRE Act proposes a 25 percent tax on outsourcing payments, potentially impacting India&#8217;s IT sector. <\/p>\n<p>The benchmark BSE Sensex fell 519.34 points, or 0.62 percent, to 83,459.15 in cautious trade while the broader NSE Nifty index settled 165.70 points, or 0.64 percent, lower at 25,597.65.<\/p>\n<p>The BSE mid-cap and small-cap indexes dropped 0.3 percent and 0.7 percent, respectively ahead of a public holiday for markets on Wednesday in observance of Guru Nanak Jayanti.<\/p>\n<p>The market breadth was weak on the BSE, with 2,541 shares falling while 1,617 shares rose and 171 shares closed unchanged. <\/p>\n<p>Among the prominent decliners, BEL, Maruti Suzuki India, Tata Steel, TMPV, Eternal and Power Grid Corp shares fell 2-3 percent. <\/p>\n<p>Globally, Asian markets ended lower and European stocks opened on a sluggish note as a tech rally fizzled out due to valuation concerns and investors weighed mixed messages from Federal Reserve officials over the path of interest rates.<\/p>\n<p>Gold traded below $4,000 an ounce on hawkish comments from Fed officials. The dollar index held near three-month highs on risk-aversion, sending gold prices below $4,000 an ounce. <\/p>\n<p>Oil prices edged lower after four days of gains, as oversupply concerns persisted despite OPEC+&#8217;s decision to pause output hikes early next year. <\/p>\n<\/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 Drops Over 500 Points; Nifty Ends Below 25,600<\/a><br \/>\n<br \/>2025-11-04 10:24:44<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares ended Tuesday&#8217;s session lower after three top Federal Reserve officials pushed back against expectations of another interest rate cut in December. Sustained FII selling due to lack of&#8230;<\/p>\n","protected":false},"author":2,"featured_media":66150,"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-66149","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/66149","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=66149"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/66149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/66150"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=66149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=66149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=66149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}