Sensex and Nifty Drop Amid Global Volatility

Sensex and Nifty dropped due to global oil volatility and US job growth slowdown, with Fed's tight policy adding pressure.

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Sensex and Nifty Drop Amid Global Volatility

Sensex and Nifty Drop Amid Global Volatility
Indian markets saw a decline on December 16, with Sensex falling 533.50 points (0.63%) to 84,679.86, and Nifty down by 167.20 points (0.64%) to 25,860.10. The drop was triggered by volatility in global oil prices and the impact of a slowing US job growth report. Traders are also keeping an eye on the Federal Reserve's tight policy stance amid persistent inflation concerns.