Sensex Today | Stock Market LIVE Updates: Sensex plunges over 600 points, Nifty below 21,600; Wipro, Infy drop 2% each
Domestic benchmark indices Sensex and Nifty saw deep cuts on Wednesday, in line with Asian peers, after hotter-than-expected US inflation fuelled concerns of further delay in the easing of rates by the Federal Reserve and weighed on sentiment. Bank and IT stocks were the top index drags today. "A major catalyst driving the rally in global equity markets has been expectations of rate cut by the Fed. This expectation has received a jolt from the US CPI inflation numbers rising year on year to 3.1% against expectation of 2.9%. This means that the Fed will certainly not cut rates in March and...
Source: indiatimes.com