Maximum losses in auto, banking, metal and technology stocks; Sensex crashes 463 points.
A day after the U.S. Federal Reserve reduced interest rate for the first time since 2008, global equity markets, including India, lost heavy ground as the U.S. central bank did not take a dovish stance as was widely expected by markets across the globe.
The Indian benchmarks lost more than 1% on Wednesday, with the 50-share Nifty falling below the psychological 11,000-mark for the first time since March.
While investors sold shares across sectors, the maximum losses were in auto, banking, metal and technology stocks.
The 30-share Sensex, which fell 787 points during intra-day trades to touch a low of 36,694.18, managed to recoup some of the losses to close at 37,018.32, down 462.80 points, or 1.23%.
Denne historien er fra August 02, 2019-utgaven av The Hindu.
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Denne historien er fra August 02, 2019-utgaven av The Hindu.
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