<p>Tuesday saw Sensex drop by more than 500 points as investors awaited US Federal Reserve remarks.</p>
<p>The BSE Sensex is now down 586.88 points, trading at 72,161.54 points. Following news of a block transaction in the shares, Nestle is down more than 3% and TCS is down more than 2%.</p>
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<p><img decoding=”async” class=”alignnone wp-image-527590″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-sensex-dropped-by-around-500-points-img-6484-750×500.jpeg” alt=”theindiaprint.com sensex dropped by around 500 points img 6484″ width=”1077″ height=”718″ title=”Sensex dropped by around 500 points 6″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-sensex-dropped-by-around-500-points-img-6484-750×500.jpeg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-sensex-dropped-by-around-500-points-img-6484-1024×683.jpeg 1024w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-sensex-dropped-by-around-500-points-img-6484-768×512.jpeg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-sensex-dropped-by-around-500-points-img-6484.jpeg 1200w” sizes=”(max-width: 1077px) 100vw, 1077px” /></p>
<p>The global market structure will shift in the near future, according to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, if the Fed delivers a hawkish message that is more aggressive than the market anticipates. Since the US inflation trend has stopped dropping over the past two months and the Fed is known to react to “incoming data and evolving outlook,” this cannot be ruled out. This worry is reflected in the rise in the US bond rates and the dollar index.</p>
<p>Investors could hold off until Wednesday to see how the Fed responds.</p>
<p>The basis of the continuous worldwide market is the tenacity of the US market, which is bolstered by the unexpectedly strong economy. According to him, other contributing factors include the Nikkei index setting new highs and Japan’s decades-long deflation coming to an end.</p>
<p>Investors in Asia will be closely watching China, according to Deepak Jasani, Head of Retail Research at HDFC Securities, as the country’s top securities regulator claimed that the defaulted developer at the center of the country’s real estate crisis had fraudulently inflated revenue by more than $78 billion in the two years preceding its failure.</p>
<p>As investors wait for clues from the different central bank decisions made this week, beginning with the Bank of Japan, shares in the Asian-Pacific area were trading under pressure, he added.</p>
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