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Bloodbath in Indian stocks; US Fed Chair’s aggressive monetary policy stance spooks markets

New Delhi [India], August 29 (ANI): Indian stocks declined sharply on Monday morning tracking negative cues from global benchmarks as stocks in the US plummeted after Federal Reserve Chair Jerome Powell said the central bank won’t back off in its fight against rising inflation.
At 9.19 a.m., Sensex traded at 57,524.27per cent, down 1,309.60 points or 2.23 per cent, whereas Nifty traded at 17,181.90 points, down 377.00 poi