Stock market updates: Nifty Below 18,750; Sensex Down 100 points; Varun Beverages Up 4%

The benchmark indexes Sensex and Nifty opened down on Thursday morning as a result of the US Fed’s announcement of a hawkish rate pause the previous night.

After 15 months of rate increases, the US central bank left interest rates steady as expected, but predicted that there would be another two quarter percentage point increase before the year’s conclusion.

World cues

The S&P 500 managed a 0.08 percent rise as Wall Street ended with mixed results. While the Dow Jones fell by 0.68 percent, the Nasdaq increased by 0.39 percent.

This morning’s lackluster advances on Asian markets were mostly driven by a 1% increase in the Hang Seng index. In the meanwhile, since the economy’s recovery was still uneven, China’s central bank lowered its important medium-term lending rate by 10 basis points after 10 months.