Market hits 52-week low as Sensex nosedives 1,400 pts
On Thursday, global equities markets dropped after the relief rally following the announcement of the Federal Reserve interest rate hike
The Indian equity markets opened higher but failed to hold on to gains as the rally ended and a relief rally fizzled out.
After four consecutive losses, the stock market rose in Thursday’s session in response to the US Federal Reserve raising interest and Jerome Powell doing a dovish commentary
Market sentiment quickly turned negative and U.S. equity indices were among the first to suffer downside, following global peers.