Economy
Sensex and Nifty Decline Amid Hawkish RBI Hike and Global Pressures
Livemint2h
THE BRIEF
1
Domestic benchmark indices extended losses on Thursday as the RBI's hawkish rate hike and rising crude oil prices heightened inflation and tighter financial condition worries.
2
The Nifty 50 fell 0.76 percent to 22,424.70, while the BSE Sensex declined 0.63 percent to 72,187.97 as of 10:39 IST, with 14 of 16 major sectoral indices trading lower.
3
Foreign institutional investors offloaded equities worth over 6,121 crore rupees on Wednesday, while domestic institutional investors made net purchases of around 4,596 crore rupees.