Sensex, Nifty fall over 1 percent on weak global cues; IT, financials drag [Reuters]
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Source: Reuters
Sensex, Nifty fall over 1 percent on weak global cues; IT, financials drag | Reuters 2 Min Read (Reuters) - Indian shares fell over one percent on Friday, tracking broader Asia, as investors remained jittery amid uncertain global cues on the possibility of a U.S. government shutdown and further rate hikes by the Federal Reserve next year. Markets took a dip on Thursday after the U.S. Federal Reserve largely retained plans to increase interest rates despite risks to growth while the sentiment also soured after U.S. President Donald Trump refused to sign legislation to fund the government unless he got money for a border wall, risking a partial federal shutdown on Saturday [MKTS/GLOB] MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1.07 percent. Consolidation continued across domestic markets after a seven day rally ended on Thursday. The broader NSE index gained 4.6 percent between Dec. 11 and Dec. 19. “Generally, we do see some profit booking towards the end of the
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- IBN's page on the SEC website