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Fed-led Sensex rally fizzles out in late trade; HDFC twins drag

Discussion in 'Stock Market News & Analysis' started by chetanepic, Mar 17, 2016.

  1. chetanepic

    chetanepic New Member

    Jan 9, 2016
    Likes Received:
    Intraday Trader
    The 30-share BSE Sensex fell 5.11 points to 24677.37 after rising more than 260 points intraday. The 50-share NSE Nifty managed to hold 7500-mark, rising 13.80 points to 7512.55. The BSE Midcap index was up half a percent but Smallcap ended flat.

    European equities opened higher but could not sustain gains, trading sharply lower despite the US Federal Reserve signalling fewer interest rate hikes this year. Germany's DAX and France's CAC fell nearly 2 percent followed by Britain's FTSE with 0.6 percent loss (at 16 hours IST). Asian markets closed mostly higher with China's Shanghai and Hong Kong's Hang Seng up 1.2 percent each.

    The rupee extended rally after gaining past 67 on fall in US dollar post Federal Reserve meet. The currency ended at 66.75 a dollar, up 47 paise.

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