News > Risk-off sentiment intensifies as Sensex records worst day in 3 months 

Risk-off sentiment intensifies as Sensex records worst day in 3 months 

Indian equities plummeted 2.6%, posting the biggest single-day drop in three months, amid a slide in stock markets as risk-off sentiment intensified across global financial markets on Monday.

Anxiety that the US Federal Reserve is on course to drain liquidity that had propped up stocks to record levels at a faster pace prompted investors to dump emerging market stocks. The prospect of a Russian attack on Ukraine has added to the unease, pushing up the dollar and dragging down Bitcoin.