Sensex, Nifty, Bank Nifty Crash To Close At Their Lowest In Over A Year

Benchmark equity indices crashed for the 5th straight day after opening’s sharply higher on Thursday, under scoring investors’ differing views on the US Federal Reserve’s biggest rate hike since 1994 and its impact on the global economy.

After rebounding sharply to open in the green earlier, carrying momentum from a global equities rally overnight, the 30 stock S&P BSE Sensex closed 1045.60 points, or 1.99 per cent lower at 51,495.79, and the broader NSE Nifty was down 331.55 points, or 2.11 per cent to 15,360.60.

For both the benchmark indices, the latest was the lowest close in over a year. On Wednesday, the Sensex had closed at 52,541.39 and the NSE ended at 15,692.15 points.