Mumbai, Nov. 7 -- Indian indices declined by over a per cent each on Thursday, as investors await US Federal Reserve Chair Jerome Powell's remarks on the future direction of the rate trajectory.

BSE Sensex declined 1.06 per cent or 850 points to 79,528, while NSE Nifty declined by 1.16 per cent or 285 points to 24,199.

Investors remained on the sidelines awaiting the Fed's decision on the rate cut. A 25 basis point rate cut is expected by the US Fed by most experts.

Investors remained on the sidelines awaiting the Fed's decision on the rate cut. A 25 basis point rate cut is expected by US Fed by most experts. Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said that Trump's pro-business intiatives of Amerca ...