The benchmark Sensex on Thursday closed 93 points down at its lowest level in two weeks on selling in banking, capital goods and Image may be NSFW.
Clik here to view.
power shares in line with weakness in global markets rattled by fears that the US Fed may hike interest rates sooner-than-expected.
The Sensex, which had gained 58.25 points in the previous three sessions, fell by 92.77 points, or 0.42 per cent to 21,740.09 — the weakest closing since 21,513.87 on 6th March.
Intra-day, it touched a low of 21,704.66 and a high of 21,853.25.
In the 30-share BSE index, 22 stocks led by HDFC and L&T closed in the red.
The 50-share NSE benchmark Nifty fell 40.95 points, or 0.63 per cent, to end at 6,483.10.
US Federal Reserve chair Janet Yellen’s comments after the Fed’s first policy meeting sent ripples through global markets.
At a press conference last night, reports said, Yellen implied Fed’s time-frame for raising rates was closer to first half of 2015, sooner than expectations.
The Fed also voted to cut its monthly bond purchases from USD 65 billion to USD 55 billion.
In Asia, all major equity indices were sharply down. Prominent European indices were trading about one per cent lower each in early trades.
Brokers also indicated Indian market participants sold shares in banking and other interest-sensitive sectors ahead of the RBI’s policy meeting on 1st April.
Image may be NSFW.Clik here to view.
