Sensex, Nifty close lower as Fed signals three more hikes next year
Sensex, Nifty close lower as Fed signals three more hikes next year
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The market shut lower on Thursday, dragged around pharma stocks, while opinion was hit as the US Federal Reserve flagged a speedier than anticipated pace of fixing one year from now, prodding fears of dollar surges from developing markets.

The Sensex shut 0.31 percent or 83 focuses bring down at 26,519.07 level while Nifty fell 0.35 percent to close at 8153 level.

Best washouts on the BSE were National Aluminum (7.78 percent) and Sun Pharma (4.36 percent). On the 30 stock Sensex, 12 stocks shut higher with TCS and Axis Bank driving the increases.

Advertise expansiveness was certain with 1,315 stocks shutting higher against 1290 falling on the BSE. The Sensex exchanged a scope of 26,407 to 26,737 level.

Pharma stocks demonstrated a delay the Sensex. The BSE medicinal services file fell 210.49 focuses or 1.36 percent at 15,211 level.

The rupee fell 42 paise to 67.85 (intra-day), while the dollar rose to its 14-year high post the Fed choice.

US Markets

Stocks had their most noticeably awful day in two months after the Fed's declaration, and four stocks fell for each one that rose on the New York Stock Exchange. The Standard and Poor's 500 lists fell 18.44 focuses, or 0.8 percent, to 2,253.28, its greatest rate misfortune since mid-October. The Dow Jones mechanical normal fell 118.68 focuses, or 0.6 percent, to 19,792.53. The Nasdaq composite fell 27.16, or 0.5 percent, to 5,436.67.

Asian Markets

Japan's Nikkei 225 file plunged and after that recouped lost ground, increasing 0.1 percent to 19,273.79. Hong Kong's Hang Seng fell 1.8 percent to 22,059.40 and Australia's S&P ASX 200 dropped 0.7 percent to 5,538.60. South Korea's Kospi was level at 2,036.65 and the Shanghai Composite file fell 0.7 percent to 3,117.68. India's Sensex added 0.1 percent to 26,630.69.

Sensex closes in red, Nifty ends below 8200

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