Firstpost | 19/08/2022 10:03 PM | Click to read full article
The Indian stock markets snapped their longest winning streak of the year on 19 August, owing to global weaknesses. Both BSE Sensex and NSE Nifty 50 started positively but switched between gains and losses in a volatile session. Nifty closed below 17,800. Sensex slid over 650 points to 59,646.15.
Concerns about interest rate hikes dominated the markets. Index heavyweights like Bajaj and SBI also dragged indexes down.