Wednesday even as the rupee weakened to a near record low in intraday trades and bond yields fell slightly as the markets nervously awaited a decision from the US Federal Reserve's on policy rates.
"While the Fed is expected to pause, for the second time, the commentary could be hawkish and that's probably prompted some investors to take risk off the table," said a senior fund manager.
Falling for the second straight session, the BSE Sensex tumbled 796 points or 1.18% to settle at 66,800.84; intra-day the gauge had tanked 868.7 points The broader NSE Nifty lost 231.90 points or 1.15% to end below the psychological 20,000 mark at 19,901.40.
The rupee closed at 83.0725 against the dollar, stronger than on Monday after hitting 83.27 in intraday trades. Dealers said the Reserve Bank of India (RBI) supplied dollars, stopping the currency from hitting a record low.
Besides, the sentiment also improved after crude oil prices eased.
Diese Geschichte stammt aus der September 21, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der September 21, 2023-Ausgabe von Financial Express Mumbai.
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