Sensex Opening Bell: Big fall in stock market; Sensex falls 550 points as it opens, Nifty approaches 25000

New Delhi| Indian equity benchmark indices Sensex and Nifty also slipped on Wednesday, following a decline in global markets. Investors exercised cautious caution ahead of new concerns over the US economic slowdown and key data affecting the Federal Reserve’s interest rate decision, which led to selling pressure across sectors.
On the third trading day of the week, at 09:47 am, Sensex was seen trading at 82,013.32 with a fall of 578.81 (0.70%) points while Nifty was seen trading at 25,108.90, breaking 170.95 (0.68%) points. The market capitalization of all companies listed on BSE declined by Rs 3.1 lakh crore to Rs 462.4 lakh crore in early trade. Among Sensex stocks, IT, financial and metal sector stocks saw the highest selling. Due to this the market slipped down. The index suffered the most due to fall in shares of Infosys, ICICI Bank, L&T, TCS, Bharti Airtel and SBI. Shares of JSW Steel and Tata Steel were the top losers during this period, registering a decline of up to 1.5%.