Sensex sinks over 500 points on ‘hawkish’ Fed

Indian indices, Sensex and Nifty, opened lower on Thursday, tracking Asian peers. This comes after the US Federal Reserve hinted at higher interest rates for an extended period. Both indexes had already declined by over 1% on Tuesday ahead of the US Fed’s policy decision. Investors have lost over Rs 2.89 lakh crore in two days of market fall.