Sensex drops 621 points on hawkish US Fed, Omicron – Times of India

Mumbai: Minutes of the last meeting of US Federal ReserveThe policy-making body, published late Wednesday, showed its members were adamant on interest rates in the world’s largest economy. This led to a global sell-off in the shares. As a result, the Sensex fell over 900 points in early trade on Thursday and ended 621 points or 1% lower at 59,602. Reliance Industries, HDFC bank And Infosys Contributing the most to the loss.
After four consecutive sessions of gains, the Sensex closed with a fall, during which it gained nearly 2,500 points. increasing number of new covid Daily infections across the country, which could potentially derail the slow and fragile economic revival process, are also troubling market players.
on Thursday, Nikki Japan closed about 3% while FTSE The UK was down about 1% in the late session. In the US in early trade, most major indices were down between 0.4% and 1%. end of session data BSE showed that in Thursday’s market, foreign funds were net sellers at Rs 1,927 crore – the first such net outflow figure in 2022.

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