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Markets decline for fourth straight day ahead of Federal Reserve meet

Sensex sheds 1,000 pts in four sessions to end at one-week low

Stock market, BSE, sensex
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Photo: Bloomberg

Sundar Sethuraman Mumbai
Indian markets ended with losses for a fourth straight day on Wednesday as investors awaited the outcome of the Federal Reserve’s latest policy meeting.

The Sensex fell 329 points, or 0.6 per cent, to end at 57,788, its lowest close since December 6 –when it had hit a three-month low. The Nifty fell 103 points, or 0.6 per cent, to end at 17,221.

In the last four sessions, the Sensex has lost close to 1,000 points or 1.73 per cent, amid sustained selling by overseas investors due to concerns around Fed tapering, spread of the omicron variant and depreciation in