Sensex Sheds Over 200 Points, Nifty Below 10,800; Banks Lead Losses

The domestic equity market further extended its losses on Thursday after  the US Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening. At 10:24 am, the S&P BSE Sensex was at 35,535.60, down 203.56 points or 0.57 per cent while the broader Nifty50 was at 10,791.35, with a loss of 65.35 points or 0.60 per cent. The losses in the 50-share Nifty50 were led by State Bank of...