Indian Markets Slide Ahead of Fed Chair Powell's Rate Decision
Indian stock indices saw significant declines as investors awaited US Federal Reserve Chair Jerome Powell's remarks regarding interest rates. The BSE Sensex fell over 1%, led by heavy sectors like auto and metals. Market caution persisted amid expectations of a 25 basis point US rate reduction.
- Country:
- India
Indian stock indices declined significantly on Thursday, with both the BSE Sensex and NSE Nifty dropping over one percent, as investors anxiously await remarks from US Federal Reserve Chair Jerome Powell regarding potential interest rate adjustments.
Amid expectations of a 25 basis point rate cut by the US Fed, investors remained cautious. Dr. V K Vijayakumar of Geojit Financial Services noted that President Trump's 'America First' policies could impact inflation and influence Fed decisions, potentially affecting global markets negatively.
Relentless foreign institutional investor outflows further dampened market sentiment, with major Nifty stocks suffering sharp declines. Market analysts highlighted the skepticism prevailing as the Federal Reserve's monetary policy announcement looms.
(With inputs from agencies.)
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