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Indian equity benchmarks fell for a second straight week on Friday, as hawkish comments from major central banks fuelled worries about a possible global recession.

December 16, 2022

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Indian equity benchmarks fell for a second straight week on Friday, as hawkish comments from major central banks fuelled worries about a possible global recession.

Indian equity benchmarks suffered their steepest drop in two months on Thursday, in a broad-based decline after the U.S. Federal Reserve signalled that the interest rate hikes might continue for longer than expected.

ED attaches Rs 1.62 cr property of Retd IAS officer

We had a nervous start for the week on Monday in line with not so favorable global cues. On Wednesday night, Fed announced a rate hike by 50 bps, which was in line with consensus; however, later, the Fed governor’s commentary spooked market participants across the globe. This poured complete water on early week recovery.

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Indian equity benchmarks fell for a second straight week on Friday, as hawkish comments from major central banks fuelled worries about a possible global recession.

Indian equity benchmarks fell for a second straight week on Friday, as hawkish comments from major central banks fuelled worries about a possible global recession.

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