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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.

December 15, 2022

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Markets plunged sharply lower and lost nearly one and a half percent, tracking feeble global cues. The tone was negative from the beginning however a sharp decline in the final hour pushed the bulls on the back foot. Consequently, the Nifty future index ended around the day’s low to close at 18445.50 levels. The selling pressure was widespread wherein IT, metal and banking shed over a percent each. The broader indices too witnessed a fall and lost in the range of 0.6%-1%.

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  • 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.
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