Sensex tanked close to 800 points today after initially starting the day in the green.
Sensex has now sunk over 2,300 points in five sessions and is inching closer towards its first technical correction since the crash of last March caused by the COVID-19 pandemic.
To back its determination to keep monetary policy accommodative, the US Fed also hiked the limit for overnight reverse repo auction exposure to $80 billion from $30 billion earlier to assuage the mayhem in the US Treasury bond market. Yet the market does not seem convinced.
The major factors driving the skittishness in the Indian equity market are:
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