Sensex, Nifty tread water as rate worries dent risk appetite

The Indian benchmark Nifty traded within a narrow range as foreign investors continued to sell, while domestic institutional buying provided some support. Both the Nifty 50 and the S&P BSE Sensex have fallen about 2.5% in the past week after the US Federal Reserve indicated that it may raise rates further. Foreign institutional investors have been net sellers this month, while domestic investors have been buying.

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