Indian Markets Join Global Selloff As US Fed Indicates Fewer Rate Cuts Ahead; Sensex Sinks Below 80K

Indian Markets Join Global Selloff As US Fed Indicates Fewer Rate Cuts Ahead; Sensex Sinks Below 80K

Mumbai: Equity benchmark Sensex on Thursday plunged about 965 points to crash below the 80,000 level due to heavy selling in global equities after the US Federal Reserve signalled fewer rate cuts next year. Besides, deep losses in consumer durables, banking and IT stocks amid foreign fund outflows added to the gloom, analysts said. Falling…

Read More
Sensex, Nifty Stage Strong Comeback Amid Easing Inflation, Buying In Telecom Stocks

Sensex, Nifty Stage Strong Comeback Amid Easing Inflation, Buying In Telecom Stocks

Mumbai: Benchmark indices Sensex and Nifty ended sharply higher on Friday amid heavy buying in telecommunication stocks and encouraging domestic inflation data. After falling 1,207.14 points in morning trade, the 30-share BSE benchmark Sensex recovered all the lost ground later and jumped 843.16 points or 1.04 per cent to settle at 82,133.12. During the day,…

Read More