The Sensex faced a sharp decline of 1,064 points on Monday, signaling significant market volatility ahead of the US Federal Reserve’s meeting scheduled for Wednesday. Investor sentiment was weighed down by global economic uncertainties and fears of potential rate hikes.
Broader Market Witnesses Parallel Declines
The Nifty also recorded a steep fall, slipping below key levels as sectors such as IT, financials, and real estate bore the brunt of the sell-off. Small-cap and mid-cap indices followed suit, amplifying market-wide concerns.
US Fed Meeting Adds to Global Uncertainty
Markets worldwide are bracing for the US Federal Reserve’s policy announcement, with many speculating another rate hike to curb inflation. This uncertainty has kept investors on edge, leading to cautious trading across global indices.
Foreign Institutional Investors Lead Sell-Off
Foreign institutional investors (FIIs) were net sellers, contributing significantly to the downturn in Indian markets. Experts attribute this to a risk-averse stance amid global headwinds.
Outlook Ahead of Wednesday’s Decision
Analysts suggest that the markets are likely to remain volatile until the Fed’s decision is announced. Key domestic triggers, such as corporate earnings and macroeconomic indicators, will also influence the trajectory.
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