Benchmark indices edged lower on Thursday as uncertainty over the US economic outlook and the unwinding of carry trades weighed on global investor sentiment. The Reserve Bank of India's (RBI's) decision to hold interest rates steady and its concerns about high food inflation led to profit-taking.
The S&P BSE Sensex ended the session at 78,886, a decline of 582 points, or 0.7 per cent. The National Stock Exchange Nifty closed at 24,117, down 181 points, or 0.7 per cent. During the previous session, the markets had snapped a three-day losing streak following encouraging comments from US and Japanese central bank officials.
However, fears of a US recession resurfaced, with some financial institutions increasing the likelihood of such an event as investors worried that the Federal Reserve (Fed) has been slow to respond to signs of a weakening US economy.
Bu hikaye Business Standard dergisinin August 09, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin August 09, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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