Nifty50 sinks below 17,450 as selling deepens – Rupee hits 81 against USD for first time


The Sensex and Nifty50 fell more than 1 percent in early trades amid selling pressure across most sectors as sentiment remained weak overall after the Fed’s widely expected 75 basis point hike in the US key interest rate this week.

India’s equity benchmarks fell more than 1%, marred by selling pressure in all areas except healthcare, as jitters persisted among investors globally after the third rise Fed’s consecutive 75 basis point interest rate.

Both major indexes fell 1.1% in the first few minutes of trading after a slightly lower start. The Sensex fell 673.4 points to 58,446.3 at the lowest level of the day so far, and the Nifty50 fell to 17,438, down 191.8 points from its previous close.


The overall market breadth was in favor of the bears, as 1,101 stocks were up and 1,737 were down on BSE in early trades.

(This story will be updated shortly)

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