Economic TimesLean R·
Tech-Led global selloff, Fed rate fears weigh on Indian equities
Mumbai: India's benchmark indices recorded their steepest single-day fall in nearly a month on Tuesday, mirroring a broad selloff across Asian markets as weakness in global technology and semiconductor stocks weighed on investor sentiment. Strength in the US dollar on expectations that the US Fed may tilt towards interest rate hikes to combat inflation also kept the market under pressureThe NSE Nifty 50 fell 1.2%, or 278.80 points, to close at 23,824.10, while the BSE Sensex declined 1.2%, or 8…
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