The markets declined more than 1 per cent amid nervousness around the Union Budget 2023-24 (FY24) and the US Federal Reserve’s (Fed’s) rate decision lined up for next week.
The expiry of the derivatives contracts, a shift to a faster T+1 (trade plus one day) settlement cycle, and Hindenburg’s short-sell call shaving $12 billion off Adani stocks also weighed on investor sentiment.
The benchmark BSE S&P Sensex ended the session at 60,205, with a decline of 773 points, or 1.3 per cent.
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