Indices fall for the fourth day in a row as global equities markets tumble and FPIs retreat
The benchmark Sensex and Nifty indices dropped for the fourth day in a row on Wednesday, extending their month-to-date decline to over 5 per cent amid a global equity rout and sustained pull-back by foreign portfolio investors (FPIs). The US Federal Reserve’s (Fed’s) decision to aggressively hike interest rates and reduce balance sheets to catch […]
Profit-booking in banking, financial, and IT stocks has sent the indices back into the red
After a recent rise, the Sensex and Nifty50 stock indices fell roughly 1% on Wednesday due to profit-booking in banking, financial, and IT firms. The 30-stock BSE Sensex fell 537.22 points, or 0.94 percent, to 56,819.39, as 24 of its constituents fell. It fell 772.57 points, or 1.34 percent, during the day, reaching a low […]
