Thursday, 15 December 2016

Sensex, Nifty Decline On Dollar Strength After Fed Rate Hike

Posted by suhani varma on Thursday, December 15, 2016 with No comments

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Benchmark indices closed lower amid consolidation on Thursday, weighed by dollar strength after US Federal Reserve expectedly raised interest rate by 25 basis points and anticipated three hikes next year. The 50-share NSE Nifty failed to hold 8200 level, falling 28.85 points to close at 8153.60. The 30-share BSE Sensex was down 83.77 points at 26519.07 while the broader markets outperformed benchmarks.

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