FIRST TRADE: Sensex down nearly 300 pts, Nifty below 19,850; SJVN slips over 8%

Stock market today: The domestic equity market opened lower on Thursday, September 21, taking cues from its Asian peers and after the US Federal Reserve indicated it expected interest rates to remain higher for longer. 

Last seen, the S&P BSE Sensex was down 0.42 per cent or 280.03 points at 65,520.81, and the NSE Nifty was down 66.8 points, or 0.34 per cent, at 19,834.6.

In the broader market, the Nifty Mid Cap 100 and Small Cap 100 indices also traded in negative territory.

Nifty Bank was down over half a per cent at 45,135.55.

BUZZING STOCKS

Apollo Tyres shares were down over 2 per cent after the company said that Bias and OTR tyres production at its manufacturing facility in Limda, Gujarat, has been stopped due to certain concerns.

Sheela Foam shares were down over 1 per cent a day after the company's QIP opened.

Fino Payments Bank stock was down over 5 per cent after the bank received complaints from clients and some merchants and distributors in Gujarat regarding the misappropriation of funds, cheating, and forgery.

SJVN shares were down over 8 per cent after reports that the government may sell up to a 2.46 per cent stake in the company.

GLOBAL MARKETS

Asian stocks followed Wall Street's lead on Thursday, dipping across the board as investors interpreted the U.S. Federal Reserve's latest policy statements as signalling higher-for-longer interest rates.

(With agency inputs)

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