Sensex sheds 2k points in 3 sessions ahead of Fed decision

AFTER recovering over the past three weeks following two months of selling, domestic equity market is once again under pressure as investors adopt a cautious stance ahead of the crucial Federal Open Market Committee (FOMC) meeting outcome on Wednesday night. Weakening rupee and underwhelming macroeconomic data are dampening market sentiment.

- ENS ECONOMIC BUREAU @ New Delhi

In the past three sessions, the benchmarks - BSE Sensex and NSE Nifty - have shed about 2.3% each with Sensex giving away nearly 2,000 points and Nifty sliding about 600 points. The Nifty fell 137 points to settle at 24,199 on Wednesday, marking its lowest close in three weeks. The Sensex fell 502 points to close the session at 80,182. "Persistent foreign fund outflows and