Sensex near 54K, Nifty at 16,200; auto, banks top drags
Russia’s military action and sanctions imposed by the U.S. and its allies are creating a range of risk
Russia’s military action and sanctions imposed by the U.S. and its allies are creating a range of risk
However, Powell did warn the Fed might have to hike more aggressively if inflation kept rising.
Traders in the U.K. and Europe have also dialed back rate-hike bets.
Equity benchmark Sensex crashed about 870 points to slip below the 55,000-level in opening deals on Monday
Investors are considering the possible inflation and growth shocks to the global economy from the conflict and ensuing sanctions
Analysts attribute the erosion largely to profit booking, as jittery investors turned cautious amid the Russia-Ukraine standoff.
Indian share markets fell 1,000 points on Tuesday amid the new heights in the tensions between Russia and Ukraine.