Stock Market Live Updates: Sensex and Nifty open lower amid global concerns following Powell’s remarks

Sensex, Nifty, Share Prices LIVE: Indian benchmark stock indices, Sensex and Nifty, began the trading day on a lower note in line with the global market downturn prompted by remarks from U.S. Federal Reserve Chair Jerome Powell, who expressed doubts about the sufficiency of interest rates in tackling inflation. As of 9:17 a.m., the BSE Sensex dropped 221.60 points to 64,610.60, while the NSE Nifty declined 62.30 points to 19,333. Powell’s comments led to a decline on Wall Street and an increase in U.S. Treasury yields, echoing in Asian markets where the MSCI Asia ex-Japan index fell over 1%. Despite a positive week for the Nifty 50, it faced resistance at 19,450 levels. Small- and mid-cap stocks outperformed, supported by strong retail investments, while foreign institutional investors continued to divest from Indian equities in November.