Indian equity markets closed sharply lower on Thursday as hawkish commentary from US Federal Reserve Chair Jerome Powell sparked a selloff, with investors turning cautious after the Fed signaled no definite commitment for a further rate cut in December.

The BSE Sensex declined 592.67 points or 0.70 per cent to settle at 84,404.46, while the NSE Nifty 50 fell 176.05 points or 0.68 per cent to close at 25,877.85. The losses were broad-based, led by weakness in IT and telecom counters, even as select heavyweights such as L&T and UltraTech Cement helped cushion the fall.

Top Gainers

Larsen & Toubro (L&T) topped the gainers’ list, advancing 0.91 per cent to ₹3,987.80, supported by strong order inflows and positive outlook in the infrastructure segment. Bharat Electronics Ltd. (BEL) added

See Full Page