Getty ImagesThe NSE Nifty index closed 75.0 points down at 17076.9, while BSE Sensex ended down 289.31 points at 57925.28.
On the other hand, State Bank of India(down 1.69 per cent), Bajaj Auto Ltd.(down 1.55 per cent), Kotak Mahindra Bank Ltd.(down 1.49 per cent), Asian Paints Ltd.(down 1.48 per cent) and HCL Technologies Ltd.(down 1.44 per cent) were among the top losers of the day.
Thursday, 23 Mar, 2023- Front Page
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Fed Hikes Rates by 25bps, Signals One More on CardsThe Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of two US banks.
FM Calls State-owned Lenders’ Meet Amid Global Banking CrisisFinance minister Nirmala Sitharaman has called a special meeting of state-run lenders later this week to seek their views on heightened global concerns over the banking system’s vulnerability due to monetary tightening.
With Great Ecommerce Comes Great Responsibility for Online PlatformsThe consumer affairs ministry is working on tightening ecommerce rules to make online retail platforms liable for fraud committed by sellers and attaching “fallback liability” to their role as intermediaries, said a senior official.
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