Business Standard

Markets see wild swings as traders weigh hawkish Fed, Budget uncertainty

The Sensex gained as much as 807 points, or 1.4 per cent, in intra-day trade only to give up all the gains to end at 57,200, with a loss of 77 points

Markets
Premium

Sundar Sethuraman Mumbai
The equity markets witnessed intense volatility on Friday, with the benchmark Nifty dropping over 1.5 per cent from the day’s high amid the hawkish pivot of the US Federal Reserve (Fed) and Union Budget uncertainty. Sustained selling by overseas investors weighed on the markets, which tried to rebound after closing at their lowest level in a month in the previous session.

Global markets also came off their highs as investors digested the fallout of a tighter monetary policy regime.

The Sensex gained as much as 807 points, or 1.4 per cent, in intra-day trade only to give up

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

First Published: Jan 28 2022 | 11:20 PM 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