Home Business Amid global volatility Sensex closed at 130 points lower

Amid global volatility Sensex closed at 130 points lower

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(G.N.S) Dt. 22
New Delhi
Markets on Thursday moved back in red amid global volatility after the US Federal Reserve’s interest rate hike. The benchmark BSE Sensex finished 130 points or 0.39 per cent lower at 33,006, managing just to stay above the 33,000-mark.
On the other hand, the broader NSE Nifty closed 40 points or 0.40 per cent down at 10,115.
The key indices had opened on a higher note following the US Federal Reserve’s raising the benchmark interest rate by 25 basis points, signalling two more rate hikes in 2018.
Major losers include SBI, Wipro, Mahindra & Mahindra, Maruti, ICICI Bank, and Adani Port falling up to 2.46 per cent. Stocks found firmer ground for the second straight session on Wednesday, with the benchmark Sensex reclaiming the key 33,000-mark.
Persistent capital inflows by foreign funds and covering-up of short positions by speculators influenced trading sentiment, brokers had said.

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