Markets decline on hawkish Fed signals; Sensex slips 632 points

FPIs sell shares worth Rs 2,109 crore

India’s benchmark indices declined on Tuesday, along with most of their global peers, as investors assessed the hawkish comments from US Federal Reserve officials.

The Sensex plunged as much as 809 points during the day but partially recovered in the last 30 minutes of trading to settle at 60,115, with a decline of 632 points, or 1.04 per cent. The Nifty50, on the other hand, dropped 187 points, or 1.03 per cent, to end the session at 17,914.

Foreign portfolio investors net sold Indian equities worth Rs 2,109 crore, while domestic institutional investors lent support to the market and bought