Sensex tumbles by 563 points; all sectoral indices in red

Mumbai, May 31 (UNI) The BSE Sensex today trudged the most fearful path by declining more than 563 points at 10,222 in the mid-afternoon session.

Largely affected by the weak US economy, all the global markets are trading in red.

The hike in federal interest rate has had a cascading effect on all the global markets. Also, the weakened commodity prices have factored in the weaking of the Bombay Stock Exchange (BSE) Sensitive Index (Sensex), trader and investor in the stock market Dinesh Thakkar said.

All the sectoral indices are trading in red. BSE metals is down by seven per cent, FMCG by 6.5 per cent, capital goods by five per cent and midcap by 4.5 per cent.

Even the onset of monsoon has led to a drastic fall in the cement scrips.

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