Mumbai: Equity Benchmark Sensex fell 581 points on Thursday, together with a global selling after the US Federal Reserve gave a tightening of policies from March.
The 30-share index ended 581.21 points or 1.00 percent lower at 57,276.94.
Likewise, NIFTY NSE fell 167.80 points or 0.97 percent to 17.110.15.
HCL Tech is a top loser in the sensex package, interrupting more than 4 percent, followed by Tech Mahindra Dr.
Reddy’s, Wipro, TCS, Titan and InfoSys.
On the other hand, Axis Bank, SBI, Maruti and Bank Box are among enhancers.
The US Federal Reserve on Wednesday showed that there was enough space to raise interest rates to fight inflation.
Investors are afraid of foreign capital flows from developing country markets such as India after rising interest rates in the US.
Elsewhere in Asia, the stock exchange in Shanghai, Hong Kong, Seoul and Tokyo ended sharply lower on Hawkish’s Fed’s attitude.
The stock market in Europe is also mostly red trading in a mid-session agreement.
Foreign Institution Investors (FIIS) remain clean sellers in the capital market, issuing Rs 7,094.48 Crore Tuesday, according to temporary data.
Sensex sank 581 PTS in a weak global cue; Nifty is below 17,150.
