Sensex, Nifty Slip as Uncertainty Over US Fed Chair Powell Weighs on Markets

Indian stock markets turned negative by noon on Thursday after a strong start. Sensex fell to 82,403 and Nifty to 25,144, as investors grew cautious. The drop was mainly due to uncertainty over US Fed Chair Jerome Powell’s future, following reports that President Trump might replace him. Although Trump denied it, his criticism of Powell raised concerns about the Fed’s independence and US market stability.