Thursday proved to be a heavy day for the Indian stock market. The Sensex fell 964 points or 1.20% to close at 79,218, while the Nifty fell 247 points or 1.02% to reach 23,951. Investors suffered huge losses amid all-round decline.

US Fed's decision increased concern
The US Federal Reserve gave a disappointing outlook regarding interest rate cuts. The Fed has expressed the possibility of reducing interest rates only twice by 2025, while the market was expecting four cuts. This news also saw a decline in global markets.

Impact on sectoral index

Most sectors of the stock market closed in the red. Sectors like auto, IT, fin service, real estate, media and energy saw the biggest decline. Only pharma and healthcare index saw a slight rise.

Nifty Midcap 100: Closed 0.28% down at 58,556.

Nifty Smallcap 100: Fell 0.51% to reach 19,133.

Top Losers and Gainers

27 out of 30 Sensex stocks declined.

Top Losers: Bajaj Finserv, JSW Steel, Bajaj Finance, Asian Paints, ICICI Bank, Reliance Industries.

Top Gainers: Sun Pharma, HUL, Power Grid.

Global factors put pressure

Along with the aggressive stance of the US Fed, the decision of the Central Bank of Japan to keep the interest rate stable was also a surprise for investors. Due to these global factors, there was heavy selling pressure in the market.

Experts' opinion

Experts say that sectors like banking and real estate suffered huge losses due to the hope of interest rate cut being dashed. Selling by foreign investors also weakened the market.

Advice for investors

Looking at the current market situation, experts have advised investors to be cautious. They say that look for long-term investment opportunities and avoid short-term trades.

It is worth noting that the US Fed's decision has given a big shock to the markets around the world including the Indian stock market. There is a possibility of fluctuations in the market in the coming days.