Sensex plunges 1,500 pts in two days: Key factors denting market sentiment

Fears of steeper interest rate hikes by the US Fed have made investors jittery globally.

The two benchmark indices have succumbed to intense selling in the last two trading sessions as global sentiment turned sour over the weekend. Since Thursday, the BSE Sensex has cracked 1,500 points and the Nifty50 has shed 503 points. In Monday’s intra-day trade, the former fell 840 points to the day’s low, while the latter slipped 283 points to 16,889.

On Friday, the frontline indices had closed up to 1.27 per cent lower snapping their two-day gaining streak after fears of steeper interest rate hikes by the US Fed made investors jittery.

“There are concerns that aggressive monetary tightening might even push