Taking Stock: US Fed minutes scare away bulls; Sensex plunges nearly 400 points
Episode 2810, Aug 20, 2020, 11:28 AM
Indian markets got off to a shaky start and ended in the red, tracking weakness in global markets on August 20. The S&P BSE Sensex plunged 394 points to 38,220 while the Nifty50 closed the day 96 points lower at 11,312.
"Indian indices along with global markets traded in the red today, on the back of US Fed Reserve’s grim July meeting minutes. The Fed Reserve cast doubts on the nascent recovery of the labour market seen in the previous months and its sustainability,” Vinod Nair, Head of Research at Geojit Financial Services told Moneycontrol.
"Indian indices along with global markets traded in the red today, on the back of US Fed Reserve’s grim July meeting minutes. The Fed Reserve cast doubts on the nascent recovery of the labour market seen in the previous months and its sustainability,” Vinod Nair, Head of Research at Geojit Financial Services told Moneycontrol.