MUMBAI (Reuters) – The BSE Sensex and Nifty fell more than 2 percent on Monday, their biggest single-day drop in two months, on increased expectation of a rate hike by U.S. Federal Reserve following stronger-than-expected jobs data.
The Nifty closed down 2.03 percent to 8,756.75, while the Sensex fell 2.05 percent to 28,844.78.
The fall tracked losses in regional markets, with the MSCI’s broadest index of Asia-Pacific shares outside Japan down 1.17 percent.
(Reporting by Indulal PM; Editing by Gopakumar Warrier)
- Investment & Company Information
- UK International News
- BSE Sensex
- U.S. Federal Reserve
Rules of Discussion on Nifty Futures
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.