Try GOLD - Free
Mkts snap 4-week rally as Fed rate outlook hurts
Hindustan Times Amritsar
|December 21, 2024
Indian shares plunged on Friday, with the benchmarks logging their first weekly decline in five weeks, as sentiment soured after the Federal Reserve projected fewer rate cuts next year, spurring an exodus of foreign funds.
The Nifty 50 dropped 1.5% to 23,587.50 points at market close, while the BSE Sensex shed 1.5% to 78,041.59.
The Nifty fell below its 200-day moving average for the first time in a month. Both the benchmarks fell nearly 5% this week while the more domestically-focused smallcaps and midcaps lost about 3.5%. "India has borne the brunt of foreign outflows this week, largely due to the Fed's commentary," said Aishvarya Dadheech, chief investment officer of Fident Asset Management.
This story is from the December 21, 2024 edition of Hindustan Times Amritsar.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Amritsar
Hindustan Times Amritsar
Starting blues: Surya's brilliance gives jittery India win over USA
Defending champions register a 29-run win in their opening match of Group A at Wankhede Stadium
3 mins
February 08, 2026
Hindustan Times Amritsar
Shepherd hat-trick, Hetmyer fifty set up West Indies win
Romario Shepherd took the first hattrick of the T20 World Cup after Shimron Hetmyer broke Chris Gayle's record for the quickest fifty by a West Indies batter as the former champions kicked off their campaign here with a 35-run win over Scotland in Group C at Eden Gardens on Saturday.
2 mins
February 08, 2026
Hindustan Times Amritsar
A land of three realms, synthetic food, new currency
In the dystopian future of this film, people inhabit one of three realms.
1 mins
February 08, 2026
Hindustan Times Amritsar
Meet Derek Archer, a West Indies fan and an '84 Olympic athlete
If you were watching Shimron Hetmyer take the aerial route at Eden Gardens or on television, you may have spotted a long-limbed man in a long hat bouncing with the flag of Trinidad and Tobago draped in front.
2 mins
February 08, 2026
Hindustan Times Amritsar
Epstein files topple top figures in Europe but fallout in US more muted
{ THE TAINTED NETWORK
2 mins
February 08, 2026
Hindustan Times Amritsar
Between the lines: Decoding the India-US joint statement
The India-US joint statement issued on Saturday morning finally gives much awaited details about the broad contours of the engagement over trade between the two countries. HT annotates the statement to put specific key details in context
6 mins
February 08, 2026
Hindustan Times Amritsar
4 INDIAN STUDENTS INJURED IN TEEN'S STABBING SPREE AT RUSSIAN VARSITY
At least six people, including four Indians students, were injured on Saturday in a stabbing attack at a university in Russia's Bashkortostan Republic, media reports and the Indian mission here said.
1 min
February 08, 2026
Hindustan Times Amritsar
BNP vows welfare fund hike for Hindus
The BNP manifesto released on Friday, ahead of the February 12 election in Bangladesh, has sought to build relations with neighbours for “collective progress,” even as it announced measures to prevent all border killing and push-ins, in an apparent reference to India.
1 mins
February 08, 2026
Hindustan Times Amritsar
The Shakespeare in our everyday speech
We all know who William Shakespeare was.
3 mins
February 08, 2026
Hindustan Times Amritsar
Tariff cut lifts textile, apparel exporters
THE 18% TARIFF RATE PLACES INDIA IN A FAVOURABLE POSITION THAN ITS RIVALS. B’DESH AND VIETNAM NOW FACE A 20% TARIFF, WHILE CHINA FACES 30%
2 mins
February 08, 2026
Listen
Translate
Change font size