Indian indices Sensex and Nifty are likely to open weak on Thursday tracking global markets and trends on SGX Nifty. The Federal Reserve released minutes from its last meeting that reinforced views the central bank may tighten rates aggressively to curb inflation. Back home, investors will await the RBI’s policy decision on Friday amid expectations that the central bank might retain status quo on interest rate
Wall Street closes lower overnight
US stock indexes fell on Wednesday and the dollar surged to a nearly two-year peak after the Federal Reserve released minutes from its last meeting that reinforced views the central bank may tighten aggressively to curb inflation.
The Dow Jones Industrial Average fell 144.67 points, or 0.42%, to 34,496.51, the S&P 500 lost 43.97 points, or 0.97%, to 4,481.15 and the Nasdaq Composite dropped 315.35 points, or 2.22%, to 13,888.82.
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