Sensex and Nifty Drop Amid Global Volatility

Sensex and Nifty saw declines due to global oil volatility and the US job growth slowdown, alongside Fed policy concerns.

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Sensex and Nifty Drop Amid Global Volatility

Sensex and Nifty Drop Amid Global Volatility
Indian stock markets experienced a sharp decline on December 16, with the Sensex dropping 533.50 points (0.63%) to 84,679.86 and Nifty falling 167.20 points (0.64%) to 25,860.10. This downtrend was primarily driven by volatility in global oil prices and the impact of the US job growth slowdown. Traders are also cautious about the Federal Reserve's tight policy stance amid persistent inflation concerns, adding pressure on investor sentiment.