Sensex sinks 581 points on weak global cue; Nifty closes below 17,150
The Hindu
Investors fear foreign capital outflows from emerging markets like India after rate hikes in the U.S.
Equity benchmark Sensex tumbled 581 points on Thursday, in tandem with a global selloff after the U.S. Federal Reserve signalled policy tightening from March.
The 30-share index ended 581.21 points or 1.00% lower at 57,276.94. Similarly, the NSE Nifty plunged 167.80 points or 0.97% to 17,110.15.
HCL Tech was the top loser in the Sensex pack, skidding over 4%, followed by Tech Mahindra Dr Reddy’s, Wipro, TCS, Titan and Infosys.
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