06.01.22 | Markets fall on Fed’s hawkish stance

Mint Evening Market Wrap

Markets snapped four-day gaining streak on Thursday dragged by weak global cues. Indian markets joined other equities in the Asia-Pacific region in a sell-off, extending a global slump after US Federal Reserve meeting minutes pointed to a faster-than-expected rise in interest rates due to concerns about persistent inflation. The BSE Sensex ended at 59,601.84, down 621.31 points or 1.03%. The Nifty was at 17,745.90, down 179.35 points or 1%.