FX.co ★ Sensex Ends on Negative Note

On Thursday, India's BSE Sensex fell approximately 0.7% to settle at 84,404.5, retreating from the 13-month peak it had attained just the day before. This downturn was primarily driven by the technology and financial sectors, influenced by Federal Reserve Chair Jerome Powell's hawkish remarks. While the US central bank reduced interest rates by 25 basis points as anticipated, it also indicated that this might be the last rate cut of the year. This caution was attributed to the absence of official data resulting from the extended federal government shutdown.