Indian frontline indices slipped into the red on Monday, December 16, following a strong pullback seen in Friday’s session. Experts noted that investors exercised caution ahead of the US Federal Reserve meeting, with the policy outcome expected on December 18.
Pharma and PSU stocks surged in today’s session, while a sharp sell-off in IT and financial stocks dragged the indices lower. However, the broader markets withstood the pressure, ending the session in positive territory.
