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Markets ended lower after recovering from its day’s low in the last hour of trading. Global cues weighed on the sentiment as US Federal Reserve Chair Janet Yellen hinted at raising interest rates sooner than expected. While, Fed’s bond-buying program was expectedly snipped of another $10bn this month, adding to the gloom.
The 30-share Sensex closed 80 points lower at 21,753 levels while the 50-unit NSE Nifty index was down 38 points at 6486 levels.
The rupee is off one-week low hit in the early session on dollar selling by foreign banks, dealers said. The rupee is at 61.15 after hitting an intraday low of 61.40. The unit closed at 60.95/96 on Wednesday.
