Business Standard

Markets in 'deep hole' as growth fears escalate; Sensex falls 1,115 points

FIIs pull out Rs 8,000 crore in 4 sessions

Bulls deliver knockout punch after opening-hour shocker
Premium

The benchmark indices have declined 7 per cent each in the past six trading sessions.

Sundar Sethuraman Thiruvananthapuram
The BSE Sensex posted its biggest single-day fall in four months after investor sentiment turned sour on the Federal Reserve’s dire assessment of the US economy and rising Covid-19 infections forcing many countries to re-enforce restrictions.

The Sensex plunged 1,115 points, or 3 per cent, to end at 36,554, its lowest close since July 10 and the biggest drop since May 18.

The Nifty fell 326 points, or 3 per cent, to end the session at 10,805.

US Federal Reserve Vice-Chair Richard Clarida said on Wednesday the US economy remained in a “deep hole” of joblessness and weak demand and called for more

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 25 2020 | 1:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com