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Market under pressure as US Fed raises rate
The Morning Standard
|July 28, 2023
DOMESTIC equity market gave up its early gains on Thursday with the benchmarks – Sensex and Nifty50 – plummeting up to 1% intraday even as most global markets advanced following an expected 25 bps rate hike by the US Federal Reserve.
The 30-share index BSE Sensex declined 440 points or 0.66% to settle at 66,267 while the broader NSE Nifty50 fell 0.60% to end below the 19,700 level. This is the fourth time in the last 5 sessions that the indices are closing in red.
Dit verhaal komt uit de July 28, 2023-editie van The Morning Standard.
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