Domestic indices ended lower for the second consecutive session on Thursday, while the rupee closed at a record low after the US Federal Reserve raised interest rates and signalled further hikes ahead.
While the Sensex ended 337 points lower, the Nifty declined 0.5% to end the weekly expiry day above 17,600, while broader markets outperformed the headline indices.
Here’s how analysts read the market pulse:
Siddhartha Khemka, Head – Retail Research,
Wall Street opens lower
Wall Street stocks fell early Thursday, extending a retreat as more central banks joined the Federal Reserve in raising interest rates in response to soaring inflation. About 20 minutes into trading, the Dow Jones Industrial Average was down 0.5 percent at 30,042.90.
The broad-based S&P 500 shed 0.6 percent to 3,765.54, while the tech-rich Nasdaq Composite Index dropped 1.0 percent to 11,112.34.
