Indices turn negative for 2022 amid global sell-off; Sensex falls 1,021 pts

Sensex, Nifty slump 1.7%; depreciating rupee weighs on foreign investor flows

The Indian markets fell for a third day amid global sell-off as investors looked to align to a tighter monetary policy regime, even as the rupee’s slide threatened to reverse the positive foreign flows into the domestic market seen after July.

The benchmark Sensex ended the session at 58,099, dropping 1,021 points, or 1.7 per cent, and slipping into negative territory in terms of year-to-date returns. This was the steepest fall for the index since September 16 and its lowest close since August 29. The Nifty ended the session at 17,327, with a decline of 302 points, or 1.7 per cent.

Foreign