New Delhi: Indian equity benchmarks fell sharply on Thursday on weak global cues.
At 1.00 pm, the 30-share BSE Sensex fell over 1,210 points (2.09 per cent) in intra-day trade, with losses in index-major Titans, Wipro and HDFC twins amid a weak trend in Asian markets.
Meanwhile, Nifty closed 312 points lower at 16,965.
The BSE Midcap and Smallcap indices were now down 2 and 1 per cent, respectively.
Asian shares fell to their lowest level in more than 14 months, short-term US yields hit a 23-month high and the dollar strengthened after the Federal Reserve chairman signaled plans to continue tightening policy.
Traders said signs of the US Federal Reserve raising interest rates soon and continued foreign fund outflows weighed on the market sentiment.
This is a developing story…
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