India’s benchmark indices slumped as much as 1.5 per cent on Wednesday amid a global selloff triggered by Fitch Ratings’ downgrade of US government debt. The Sensex plunged 1,027 points, or 1.5 per cent, in intra-day trade before recouping some of the losses to end the session at 65,783, down 676 points, or… Continue reading US rating downgrade by Fitch spooks markets; Sensex, Nifty slump 1.5%
Tag: Sensex
Here’s why Sensex tanked 700 points in Wednesday’s intra-day trade
Bears tightened their grip on domestic markets in Wednesday’s intra-day trade, as global sentiments turned sour post Fitch credit rating downgrade of the US. Benchmark indices the S&P BSE Sensex tumbled 708 points or 1 per cent to hit day’s low of 65,751, whereas Nifty50 lost 206 points or 1 per cent… Continue reading Here’s why Sensex tanked 700 points in Wednesday’s intra-day trade