Sensex slumps 1.1% ahead of U.S. Fed meet
The Hindu
Indian equity markets slumped by more than 1% following nervousness ahead of the U.S. Fed policy meeting on Thursday.
An accommodative policy could stabilise global markets, analysts said, adding that the rise in COVID-19 cases fuelled selling pressure. Extending losses to the fourth session in a row, the S&P BSE Sensex fell 1.12% or 562 points to 49,801.62 on broad-based selling. PSU and banking stocks were most impacted. The NSE Nifty 50 too dipped 1.27% to 14,721.30.
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