Indian equity benchmarks suffered their steepest drop in two months on Thursday, in a broad-based decline after the U.S. Federal Reserve signalled that the interest rate hikes might continue for longer than expected.

Dear Trader… Markets plunged sharply lower and lost nearly one and a half percent, tracking feeble global cues. The tone was negative from the beginning however a sharp decline in the final hour pushed the bulls on the back foot. Consequently, the Nifty future index ended around the day’s low