Markets log first decline of ’22 as Fed adopts hawkish stance
The BSE Sensex was down 621.31 points or 1.03% ending at 59,601.84. The Nifty slipped 179.35 points or 1% at 17,745.90.
MUMBAI, BSE SENSEX, NIFTY, RBI : Markets snapped a four day gaining streak on Thursday dragged by weak global cues, marking the first decline of Indian equities in 2022. Indian markets joined other equities in Asia-Pacific region in a sell-off, extending a global slump after US Federal Reserve meeting minutes pointed to a faster-than-expected rise in interest rates due to concerns about persistent inflation. Growing concerns about surging covid case in India with partial restrictions on mobility has weighed on investor sentiment.
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