Indices turn negative for 2022 amid global sell-off
Business Standard|September 24, 2022
Sensex, Nifty slump 1.7%; depreciating rupee weighs on foreign investor flows
SUNDAR SETHURAMAN
Indices turn negative for 2022 amid global sell-off

The Indian markets fell for a third day amid global sell-off as investors looked to align to a tighter monetary policy regime, even as the rupee's slide threatened to reverse the positive foreign flows into the market seen after July.

The benchmark Sensex ended the session at 58,099, dropping 1,021 points, or 1.7 per cent, and slipping into negative territory in terms of year-to-date returns. This was the steepest fall for the index since September 16 and its lowest close since August 29. The Nifty ended the session at 17,327, with a decline of 302 points, or 1.7 per cent.

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