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Mkt falls 1.4% amid uncertainties
The Morning Standard
|October 27, 2023
Tension in the Middle East, coupled with sticky US Treasury yields trigger risk-off sentiment
DOMESTIC equity market witnessed another session of mayhem with the benchmark indices NSE Nifty50 and BSE Sensex plummeting about 1.4% each on Thursday.
At close, the Nifty50 was down 1.39% or 265 points at 18,857 while the Sensex shed 901 points or 1.41% to shut shop at 63,148. Going ahead, domestic equities are expected to remain under pressure over rising tensions in the Middle East (Israel-Hamas conflict) and surging US Treasury bills. The US market (S&P 500) fell over 0.5% in the first hour of Thursday trading and if it closes another session with noticeable cuts, its impact will be felt on European and Asian markets on Friday.
Cette histoire est tirée de l'édition October 27, 2023 de The Morning Standard.
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