Mumbai, Sept. 18 -- The key equity benchmarks ended the truncated week with major losses as elevated crude oil prices and rising global bond yields weighed on investor sentiment. Concerns over the near-term inflationary impact of higher energy prices and its potential implications for economic growth remained a key overhang. The week was dominated by global macroeconomic cues, particularly movements in crude oil prices, US Treasury yields and the US Federal Reserve's monetary policy decision.

The US Federal Reserve raised its benchmark interest rate by 25 basis points to 3.75%-4%, marking its first rate hike since 2023. The Fed projected the possibility of another rate increase this year, keeping uncertainty around the global interest-ra...