Indian stocks in red fourth day; Sensex sheds about 1,000 pts on global cues

Mumbai (Maharashtra) [India], December 19 (ANI): The Indian stock markets on Thursday slumped drastically after witnessing selling pressure in major markets around the globe and an indication from the US Federal Reserve of fewer rate cuts next year, less than the anticipation of three or four.

During the day the benchmark indices traded under pressure as the Sensex plunged over 1,100 points while the Nifty dipped below 24