News > Risk-off sentiment intensifies as Sensex records worst day in 3 months
Risk-off sentiment intensifies as Sensex records worst day in 3 months
Economic Times | 25/01/2022 09:14 AM | Click to read full article
Indian equities plummeted 2.6%, posting the biggest single-day drop in three months, amid a slide in stock markets as risk-off sentiment intensified across global financial markets on Monday.
Anxiety that the US Federal Reserve is on course to drain liquidity that had propped up stocks to record levels at a faster pace prompted investors to dump emerging market stocks. The prospect of a Russian attack on Ukraine has added to the unease, pushing up the dollar and dragging down Bitcoin.