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Markets dip for a second day ahead of Fed rate hike; Sensex falls 497 pts

The Sensex ended the session at 55,268, with a decline of 497 points, or 0.9 per cent

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Last week, the India markets had posted their biggest jump in nearly 17 months, gaining over 4 per cent on the back of positive Foreign portfolio investors

Sundar Sethuraman Thiruvananthapuram

3 min read Last Updated : Jul 26 2022 | 9:32 PM IST

Benchmark indices declined for a second day in a row amid weakness in the global markets ahead of the Federal Reserve interest-rate hike.

The Sensex ended the session at 55,268, with a decline of 497 points, or 0.9 per cent. The Nifty, on the other hand, ended the session at 16,484, a fall of 147 points or 0.8 per cent.

Investor sentiments are jittery ahead of the two-day Fed meeting, which commenced on Tuesday and ends late on Wednesday India time, with some investors speculating that the US central bank may go for a 100-basis point cut to tame

Topics : Sensex Inflation Fed rate hikes BSE NSE Indian markets Indian Economy Fed rates Central banks Sensex falls Markets Hindustan Unilever