Indian markets dip as investors wait on Fed's next move
Indian stock markets slipped on Wednesday, with both Nifty and Sensex down 0.32%.
The drop comes as global investors pull back ahead of a big US Federal Reserve policy update, making everyone a bit cautious.
Why does this matter?
The Fed is expected to cut rates at its ongoing meeting, but its hints about keeping rates higher through 2026 are making investors nervous—especially in countries like India that rely on foreign money.
If US rates stay up, it could mean less cash flowing into emerging markets.
What else happened?
Most market sectors took a hit, especially finance and IT. Mid-cap and small-cap stocks also dropped.
But there were some standouts: Meesho's shares skyrocketed 53% on debut, while IndiGo fell after the government ordered it to cut flights following mass cancelations.
Meanwhile, AU Small Finance Bank got the green light to let more foreign investors in—sending its stock up 2.2%.