Markets snap 6-day winning streak over Fed anxiety; Sensex falls 306 pts

More than the Fed's hike, it is the commentary that would impact market sentiment

The equity markets snapped their longest winning streak since October amid a decline in some index heavyweights, including Reliance Industries, and concerns about the Federal Reserve's monetary policy outcome, which is due on Wednesday.

The Sensex declined 306 points, or 0.5 per cent, and ended Monday’s session at 55,766. The Nifty50 ended the session at 16,631, following a decline of 88 points, or 0.5 per cent.

The outcome of the US Federal Reserve's monetary policy meeting is keeping investors on tenterhooks. Some investors are speculating that the US central bank may prescribe a bitter bill to tame inflation, and that