Business Standard

Nifty, Sensex fall after Fed hints at more rate hikes

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Reuters

REUTERS - Indian shares fell on Thursday, dragged down by pharma stocks, while sentiment was hit as the U.S. Federal Reserve signalled a faster-than-expected pace of tightening next year, spurring fears of dollar outflows from emerging markets.

The Nifty ended 0.35 percent lower at 8,153.60, while the Sensex closed 0.31 percent lower at 26,519.07.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Subhranshu Sahu)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Dec 15 2016 | 4:12 PM IST

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