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Indian mkts join global selloff as Fed hints at fewer rate cuts
The Free Press Journal
|December 20, 2024
BLOODBATH ON D-STREET | Sensex, Nifty slump over 1%
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Equity benchmark Sensex on Thursday plunged about 965 points to crash below the 80,000 level due to heavy selling in global equities after the US Federal Reserve signalled fewer rate cuts next year.
Besides, deep losses in consumer durables, banking and IT stocks amid foreign fund outflows added to the gloom, analysts said.
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