The Indian market is experiencing a breakdown in the early Santa Claus rally, with the impact being more pronounced in India compared to developed markets due to the rapid appreciation of the dollar. In today's trade, markets will react to the US Fed decision.

GIFT Nifty (Earlier SGX Nifty) signals a gap-down start

GIFT Nifty on the NSE IX traded lower by 311 points, or 1.28 per cent, at 23,943.50, signaling that Dalal Street was headed for gap-down start on Thursday.

US stocks plunge

U.S. stocks plunged on Wednesday, with all three major indexes posting their biggest daily decline in months, after the Federal Reserve cut interest rates by a quarter of a percentage point but disappointed some investors with projections that signaled a more cautious path of easing next year.

Dow down 2.58%,

S&P 500 dips 2.95%,

Nasdaq falls 3.56%

Asian shares slide

Asian stocks slid on Thursday, echoing a slump in US equities, after the Federal Reserve trimmed expectations for rate cuts next year.

Australia’s S&P/ASX 200 fell 1.8% as of 8:19 a.m. Tokyo time

Nikkei 225 futures fell 1.9%

Hang Seng futures were little changed

S&P 500 futures rose 0.2%, after dropping 2.9% Wednesday

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