December 15, 2016 / 5:51 AM / 7 months ago

Nifty, Sensex fall after Fed hints at more rate hikes

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A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, November 15, 2016.Mukesh Gupta/File photo

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

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