MUMBAI: Equity benchmark Sensex tumbled 581 points on Thursday, coupled with a global sell-off after the US Federal Reserve signaled policy tightening since March. The 30-share index closed at 57,276.94, down 581.21 points or 1.00 per cent. Similarly, If Nifty fell 167.80 points or 0.97 per cent to 17,110.15.
HCL Tech was the top laggard in the Sensex pack, falling over 4 per cent, followed by Tech Mahindra Dr Reddy’s, Wipro, TCS, Titan and Infosys.
On the other hand, Axis Bank, SBI, Maruti and Kotak Bank were among the gainers.
The US Federal Reserve indicated on Wednesday that there is enough room to raise interest rates to fight inflation.
Investors fear foreign capital outflows from emerging markets like India following the rate hike in the US.
Elsewhere in Asia, shares in Shanghai, Hong Kong, Seoul and Tokyo ended sharply lower on the Fed’s stance.
Stock exchanges in Europe were also trading largely in the red in mid-session deals.
According to provisional data, foreign institutional investors (FIIs) were net sell-offs in the capital market worth Rs 7,094.48 crore on Tuesday.
HCL Tech was the top laggard in the Sensex pack, falling over 4 per cent, followed by Tech Mahindra Dr Reddy’s, Wipro, TCS, Titan and Infosys.
On the other hand, Axis Bank, SBI, Maruti and Kotak Bank were among the gainers.
The US Federal Reserve indicated on Wednesday that there is enough room to raise interest rates to fight inflation.
Investors fear foreign capital outflows from emerging markets like India following the rate hike in the US.
Elsewhere in Asia, shares in Shanghai, Hong Kong, Seoul and Tokyo ended sharply lower on the Fed’s stance.
Stock exchanges in Europe were also trading largely in the red in mid-session deals.
According to provisional data, foreign institutional investors (FIIs) were net sell-offs in the capital market worth Rs 7,094.48 crore on Tuesday.
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