Indian stock indices plunged Thursday morning tracking weak global benchmark US markets, which fell as its central bank Federal Reserve said another hike in interest rate may be needed to tame inflation and bring it to 2 per cent target.
Sensex and Nifty were 0.3-0.4 per cent lower from their previous day’s closing at the time of writing this report. Among the Nifty sectoral indices, Nifty FMCG and Nifty IT were the top losers, while Nifty PSU bank, and Nifty consumer durables were the top gainers.(ANI)
