Mumbai, Apr 18 (PTI) Equity benchmark indices Sensex and Nifty extended their losing streak to the fourth straight session and settled lower on Thursday amid heavy volatility triggered by selling in banking stocks and unabated outflow of foreign funds.
Fading expectations of an immediate interest rate cut by the US Federal Reserve as well as escalating geopolitical tensions also dampened investors’ sentiment.
According to Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, various factors like geopolitical tensions, uncertainty about central bank policies, or swings in commodity prices “might have influenced market sentiment”. Read more:
