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Sensex, Nifty extend losses into fifth session on rate hike fears

FMCG, auto, bankex, metal, oil & gas and services were the gainers

Photo: Bloomberg
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Photo: Bloomberg

Press Trust of India Mumbai
Equity benchmark indices buckled under selling pressure for the fifth straight session on Thursday as a bearish trend in Asian markets and concerns over rate hikes by the US Federal Reserve (Fed) unnerved investors.
 
Besides, fresh foreign fund outflows also hit investor sentiments, traders said. In a highly volatile trade amid monthly derivatives expiry, the BSE Sensex declined 139.18 points or 0.23 per cent to settle at 59,605.80. During the day, it hit a high of 59,960.04 and a low of 59,406.31. The NSE Nifty50 slipped 43.05 points or 0.25 per cent to end at 17,511.25.
 
In the Sensex pack,

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 23 2023 | 11:50 PM IST

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