The Sensex experienced a steep decline of 1,064 points on Tuesday, reflecting heightened investor anxiety ahead of the US Federal Reserve’s policy meeting scheduled for Wednesday. Concerns surrounding a possible interest rate hike dominated trading sentiments, leading to widespread selling pressure across sectors.
Global Cues Add to Market Volatility
Global factors played a significant role in the market’s downturn. With inflation data and economic indicators pointing to the possibility of tighter monetary policies, global stock markets faced turbulence, which trickled down to the Indian indices.
Broader Markets See Widespread Selloff
The bearish trend was not limited to large-cap stocks. Broader market indices also faced significant losses, with key sectors such as banking, IT, and auto witnessing heavy selling.
Investor Caution Prevails
As the Federal Reserve meeting looms, investors remain cautious about the central bank’s stance on inflation and interest rates. Market analysts predict heightened volatility in the coming sessions as traders await clarity on future monetary policies.
Outlook for the Week
With the Fed’s policy announcement just a day away, market participants are advised to adopt a wait-and-watch approach. Experts suggest diversifying portfolios to mitigate risks associated with global economic uncertainty.
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