News > Sensex breaks its rally ahead of US fed rate hikes
Sensex breaks its rally ahead of US fed rate hikes
The Free Press Journal | 22/09/2022 04:45 PM | Click to read full article
Sensex has closed 263 points lower, as fears over US Federal Reserve’s rate hikes have weighed down Indian indices, while Nifty was held below 17,750.
Ahead of the US Fed’s decision set to be announced tonight, equity investors decided to liquidate their investments and walk away with a profit. Putin’s announcement for partial mobilization in Russia also created apprehension in global markets over a possible escalation and lowered the risk appetite.