Tag: sharp fall

NEW DELHI: Dragged by weak global sentiment after Fitch's downgrade of US credit rating, the BSE benchmark Sensex and Nifty fell for the third in a row.The Sensex declined by 542.10 points to close at 65,240.68. The Nifty ended 144.90 points down at 19,381.65.The Fitch downgrade directly impacts the foundation of the global financial system, given that US Treasuries are renowned for being among the safest investment options. The agency justified its decision based on various factors, including frequent standoffs in Congress concerning potential government defaults.Interestingly, the selling...