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Nifty, Sensex fall after Fed hints at more rate hikes
December 15, 2016 / 5:51 AM / a year ago

Nifty, Sensex fall after Fed hints at more rate hikes

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.

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

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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