The domestic equity markets suffered a significant setback on Thursday, erasing recent gains and closing the day in the red. The Nifty 50 index ended below the 24,200 level, while the Sensex also witnessed a sharp decline. The sell-off was widespread, but metal stocks bore the brunt of the decline. Investors grew cautious ahead of the US Federal Reserve’s upcoming interest rate decision later on Thursday. The central bank’s stance on monetary policy could have significant implications for global markets, including India.
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