Markets log worst 1-day fall in 3 weeks amid FPI exit; Sensex down 931 pts

Quick Summary:

Investors have reduced their bets on Fed rate cuts after a US Fed official indicated a preference for a slower pace of rate reductions.

A large portion of these funds is seen shifting from India to China, where the government has announced several measures to support the economy and the stock market.

Since the all-time highs hit on September 27, the Sensex is now down 6.7 per cent, and the Nifty by 7 per cent.

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Article Details

Category: BusinessFinance

Markets: IndiaChina

Topics: Sensex Overseas investors Stock market Foreign portfolio investors Indian Markets Nfity

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 19:54:28 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23203084

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Official Website: business-standard.com

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