Sensex drops 462 points, Nifty drops to lowest level in 5 months

Indian investors woke up to another surprise on Thursday as the US Federal Reserve went for a rate cut on the dotted lines but gave a hawkish note on future policy rates amid a marked slowdown in global economic activity.
Both the key Indian benchmark indices declined sharply. While the broader Nifty which had crossed 12,000 mark post-polls fell 138 points to 10,980 points, the Sensex closed 462.80 points, lower at 37,018.32.