Live: Nifty Poised To Test 24,200 On The Downside? 25 Bps Fed Rate Cut Baked In | Opening Bell

Indian stock market extended losses for the second straight session on December 17 amid selling across the sectors led by auto, financials, metal, oil & gas. At close, the Sensex was down 1,064.12 points or 1.30 percent at 80,684.45, and the Nifty was down 332.25 points or 1.35 percent at 24,336. After the negative start, the market extended profit booking as the day progressed and dragged the Nifty near 24,300 as investors remained cautious ahead of Fed decision on December 18. This morning cues are subdued as Dow clocked its longest losing streak since 1978 and the GIFT Nifty is also hinting at more downside. Investors await the Fed meet outcome where the central bank is expected to cut rates by 25 bps. Stocks including Ambuja Cements, Aurobindo Pharma will be in focus. Meanwhile, there will be 3 new listings today – Mobikwik, Vishal Mega Mart and Sai Life Sciences. Catch Nandita Khemka in conversation with Rajesh Palviya, Senior Vice President Research (Head Technical & Derivatives) at Axis Securities and Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies.


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