Stock market closing Updates: Indian share market key indices fell on Thursday, mirroring weak global market trends after the U S Federal Reserve's interest rate hike and hawkish stance.

The BSE Sensex fluctuated by 625 points during the day before falling 337 points or 0.57 percent to close at 59,120. On the other hand, the NSE Nifty50 finished at 17,630, down 89 points or 0.50 percent. On the other hand, the larger markets closed in the green, with the BSE MidCap and SmallCap indices rising up to 0.5 percent.

The Nifty FMCG index increased by over 1 percent, while the Nifty Bank and Financial Services indices declined by up to 1.4 percent each. Sector-wise, indexes ended mixed.

The top Nifty50 gainers of the day were Titan, Hindustan Unilever, Asian Paints, Maruti, and Eicher Motors, while the top losers were PowerGrid, HDFC Bank, Axis Bank, HDFC, and ONGC.

The overall advance-decline ratio remained at 1:1 thanks to gains in broader markets; the Nifty Small Cap 100 and Midcap 100 indexes increased by 0.4-0.6 percent and the Sensex and Nifty declined by 0.5 percent, respectively.

Heavy selling pressure on banks and financial services was reflected in a loss of 1.3–1.4 percent in the Nifty Bank, Financial Services, and Private Bank indices.

Rupee Versus Dollar: After the US Federal Reserve raised interest rates and gave a hint that more were to come in its fight against inflation, the rupee lost 88 paise to settle at a record low of 80.86 against the US dollar. Against the US dollar, the rupee closed at 80.86 on Thursday, up from 79.98 on Wednesday.

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