why market is falling broader markets weakness trump tariff us fed chair hawkish interest rate

Indian equity benchmarks aft a subdued opening weakened further successful Wednesday's commercialized weighed down by heavyweights. Extending their losing streak to the sixth consecutive session, the header Nifty50 scale was down 1.11 per cent oregon 255 points astatine 22,816.8, portion the BSE 30-share Sensex slumped 1.1 per cent oregon 838.01 points to 75,455.59 points.

Here are the apt factors causing jitters connected D-Street

Fed's latest hawkish stance:

US Fed Chair Jerome Powell told the Senate Banking committee connected Tuesday that the cardinal slope is successful nary unreserved to set involvement rates, signalling that policymakers volition beryllium diligent earlier softening involvement rates further. 

“With our argumentation stance present importantly little restrictive than it had been and the system remaining strong, we bash not request to beryllium successful a hurry to set our argumentation stance,” helium added.

Broader marketplace weakness weighs:

After the erstwhile day's crisp losses, mid and smallcap indices proceed to plunge successful today's trade. At the past count, the Nifty Smallcap 100 scale was down 3.4 per cent, portion the Nifty Midcap 100 scale was down 2.8 per cent. Zee Business Managing Editor Anil Singhvi held that successful lawsuit some the indices diminution by implicit 20 per cent, the markets whitethorn participate a recessionary phase.