Sensex falls 158 points in early trade
The Hindu
Benchmark equity indices declined in early trade on June 15, 2023, after hawkish commentary from the US Fed on interest rates.
Benchmark equity indices declined in early trade on Thursday, June 15, 2023, after hawkish commentary from the US Fed on interest rates.
After rallying for the past three days, the 30-share BSE Sensex fell 158.16 points to 63,070.35. The NSE Nifty dipped 34.15 points to 18,721.75.
From the Sensex pack, IndusInd Bank, Infosys, Tata Consultancy Services, Reliance Industries, NTPC, Bajaj Finserv, Axis Bank, Power Grid, Tata Steel and State Bank of India were the major laggards.
Maruti, HCL Technologies, Sun Pharma, Nestle and UltraTech Cement were among the gainers.
In Asian markets, Seoul traded lower, while Tokyo, Shanghai and Hong Kong quoted in the green.
The US markets ended on a mixed note on Wednesday.
The US Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. But in a surprise move, the Fed signalled that it may raise rates twice more this year, beginning as soon as next month.