News > Sensex, Nifty slide nearly 1 pc on losses in IT, banking shares

Sensex, Nifty slide nearly 1 pc on losses in IT, banking shares

The Siasat | 26/07/2022 09:19 PM | Click to read full article

Benchmark BSE Sensex and Nifty slid by nearly 1 per cent on Tuesday due to profit booking in IT, banking and FMCG shares ahead of the expected aggressive rate hike by the US Federal Reserve.

Rupee witnessed range bound sessions with flat trades around 79.80 as the dollar index held rates above USD 106 and showed some recovery to 106.80.