Sensex falls 289 points on weak global cues
The Morning Standard|March 24, 2023
AFTER witnessing two straight sessions of gains, Indian equity benchmark fell on Thursday, dragged by information technology stocks and financials, after the US Federal Reserve reiterated its fight against inflation with a quarter-point rate hike on Wednesday.
Sensex falls 289 points on weak global cues

Also, investors turned cautious after US Treasury Secretary Janet Yellen ruled out 'blanket insurance for all domestic banking deposits, which could further dent IT firms as they earn a significant share of their revenue from the United States and Europe.

The 30-share BSE Sensex fell 289.31 points or 0.50% to settle at 57,925.28. During the day, it declined 375.74 points or 0.64% to 57,838.85. The broader NSE Nifty dipped 75 points or 0.44% to end at 17,076.90.

This story is from the March 24, 2023 edition of The Morning Standard.

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This story is from the March 24, 2023 edition of The Morning Standard.

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