New Delhi, ( thestates.news) : The Sensex and Nifty, the two major equity benchmarks, fell sharply on Thursday after a promising start in early trade amid high volatility, a day after the US Federal Reserve increased interest rates by 75 basis points. To combat rising inflation, the US Federal Reserve announced a 75-basis-point interest rate hike on Wednesday, the highest in more than a quarter-century. At 1.30 p.m., the BSE Sensex had fallen 974 points to 51,567, while the broader NSE Nifty was down 321 points at 15,370. All of the constituents on the 30-share BSE platform were in the red. Tata Steel was the biggest loser, falling 4.29 percent. Wipro, Airtel, TechM, Kotak Bank, NTPC, and others were also notable losers. The broader markets were also down. The BSE Midcap and Smallcap indices were both down around 2%.(HS)
Sensex falls 974 points, Nifty below 15,400
