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Sensex, Nifty end lower on Fed rate hike worries

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Reuters MUMBAI
Last Updated : May 18 2016 | 4:29 PM IST

MUMBAI (Reuters) - Indian shares snapped two sessions of gains on Wednesday, tracking lower global markets after data showed rising U.S. inflation and on comments from Fed officials rekindled prospects of an interest rate hike as early as June.

The Nifty <.NSEI> dropped 0.26 percent to end at 7,870.15 points after falling 1 percent in the previous two sessions, while the Sensex <.BSESN> ended 0.27 percent lower at 25,704.61.

(Reporting by Manoj Rawal; Editing by Sherry Jacob-Phillips)

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First Published: May 18 2016 | 4:17 PM IST

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