Sensex, Nifty tumble over 1% mirroring weak global markets amid U.S. Fed's hawkish tone
The Hindu
Mumbai
Equity benchmarks Sensex and Nifty faced heavy drubbing on December 15, falling over 1% each, in tandem with weak global markets following the U.S. Federal Reserve's interest rate hike and its hawkish stance.
The 30-share BSE Sensex tanked 878.88 points or 1.40% to settle at 61,799.03. During the day, it tumbled 962.3 points or 1.53% to 61,715.61.
The broader NSE Nifty plummeted 245.40 points or 1.32% to end at 18,414.90.
From the Sensex pack, Tech Mahindra, Titan, Infosys, HDFC, ITC, Tata Steel, HDFC Bank, Tata Consultancy Services, and State Bank of India were the major laggards.
NTPC and Sun Pharma were the only winners.
Elsewhere in Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong ended lower.
Equity exchanges in Europe were trading in the red in mid-session deals. The U.S. markets had ended in the negative territory on Wednesday.
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