Indices fall over 1% after US Fed's warning on Covid-19 spooks investors

Benchmark indices declined over 1 per cent after the minutes of the US Federal Reserve’s (US Fed’s) meeting, released on Wednesday, highlighted challenges to the economy because of the Covid-19 pandemic.

The US central bank’s warning saw investors taking money off the table. The Nifty fell 96.2 points, or 0.84 per cent, to end at 11,312, while the Sensex declined to 38,220, down 394 points, or 1.02 per cent. This was the fourth one-percent-plus fall for the Sensex since July. Foreign investors sold shares worth Rs 268 crore, while domestic institutions pulled out Rs 672 crore, provisional data provided by