Markets extend losses as Bajaj twins drag; Sensex ends near 60,350, Nifty below 18k4 min read . Updated: 05 Jan 2023, 04:49 PM IST
- The bearish tone escalated after financial and banking stocks emerged as major laggards with the Bajaj twins nosediving and the outcome of FOMC minutes.
Indian markets extended their losses for two days straight with Sensex dropping below 60,500 levels and Nifty 50 erasing the 18,000 mark. The bearish tone escalated after financial and banking stocks emerged as major laggards with the Bajaj twins nosediving and the outcome of FOMC minutes. Mixed sentiments were seen in global cues as investors digested the Fed's continuation of a hawkish approach ahead. Also, markets traded lower on the weekly F&O expiry day. On the other hand, the Indian rupee picked up momentum tracking the upside in Asian currencies and volatility in oil prices. India's volatility index dipped more than 1%.
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