Indian shares snapped a three-session winning streak to end lower on Thursday, tracking Asian peers, a day after the U.S. Federal Reserve raised interest rates and struck a more hawkish tone in forecasting a slightly faster pace of tightening.
The Fed raised its benchmark overnight lending rate by a quarter of a percentage point to a range of 1.75 percent to 2 percent and forecast two additional hikes by the end of this year, compared with one previously.
The broader NSE Nifty ended 0.45 percent lower at 10,808.05, while the benchmark BSE Sensex closed 0.39 percent weaker at 35,599.82.
The Nifty IT index ended 1.5 percent lower, after marking six sessions of gains. The index was pulled down by Infosys Ltd, which closed 2 percent lower.
Like this report? Sign up for our daily newsletter to get our top reports.
Leave Your Comment
7 months ago
Indian shares closed higher for the fourth straight session on Tuesday, led by...
3 months ago
Indian shares jumped nearly 2 percent on Monday, in line with a global rally...
4 months ago
Indian shares ended lower for a fourth consecutive session on Monday, dragged...