The stock market gave a shock on Thursday as it distributed profits to investors for four consecutive days in the new year. The BSE Sensex and the Nifty have been losing points since the market opened.
Foreign investors were shaken by the news that the US Federal Reserve has decided to raise interest rates sooner than expected. According to market analysts, this is due to the fact that foreign investors are reluctant to invest in the domestic stock market in the New Year after the end of the Christmas season.
The BSE Sensex, which closed above 60 yesterday, started the morning with losses. It lost nearly 450 points and started near 59,731 points. Even after that, it lost 59,676 points by 9:15 a.m., losing points in a row. The market lost 546 points in the first fifteen minutes. Once again it came down to 60 thousand points. The Nifty, on the other hand, lost 156 points to close at 17,768. If the same trend continues till evening, once again investors will face huge losses.
