Equities track global cues, dive for the third day
Hindustan Times|January 21, 2022
The Nifty 50 ended 1.01% lower and the Sensex fell 1.06% in Thursday's trade
Swaraj Singh Dhanjal

MUMBAI: Indian stocks continued to slide for the third straight day on Thursday, registering their worst weekly performance in over a month, as rising crude prices and fears of a US interest rate hike weighed on investor sentiment.

On Thursday, the benchmark indices Sensex and Nifty slid 1.06% and 1.01% to hit 59,464.62 and 17,757, respectively.

The Sensex is down 2.87% so far this week, while the Nifty is down 2.73%, their worst weekly performance since the week of 13 December, when both indices witnessed a correction of 3%.

The three-day downward streak has erased investor wealth by 6.8 trillion.

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