Market today: Sensex, Nifty decline amid foreign fund outflows, Fed rate decision caution
Hindustan TimesEquity benchmark indices Sensex and Nifty declined in early trade on Wednesday, December 18, amid foreign fund outflows and caution ahead of the highly anticipated US Fed interest rate decision. Market yesterday On Tuesday, BSE Sensex and NSE Nifty slumped by more than 1 per cent, with the former falling below the 81,000 mark, driven by a broad-based selloff and caution ahead of the US Federal Reserve’s interest rate decision. The 30-share BSE Sensex dropped 1,064.12 points, or 1.30 per cent, to end at 80,684.45, while the Nifty lost 332.25 points, or 1.35 per cent, closing at 24,336. Traders said investor sentiment was affected by a negative global trend, including concerns over the US Fed’s upcoming rate decision, as well as ongoing foreign capital outflows from Indian markets.