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Sensex, Nifty Fall After US Fed Hikes Rate: Five Things To Know
22 Mar 2018, 06:10 PM IST 
Nifty declined 40 points, or 0.40%, to end the day at 10,115 points
- Sensex on Thursday fell 130 points to close at 33,006 points, while Nifty declined 40 points, or 0.40%, to end the day at 10,115 points..
- At 12.50 pm, top gainers of Sensex stocks were ONGC that soared by nearly by 3 per cent. This was followed by Tata Motors and Reliance that surged by up to 2 per cent. Other gainers included IndusInd Bank and HDFC Bank that rose by 1.2 per cent and 1 per cent respectively.
- The laggards among Sensex stocks were ICICI Bank, Mahindra & Mahindra (M&M) and SBI that fell between 1 per cent and 1.9 per cent. Similarly, Axis Bank and Wipro shares fell by up to 1 per cent.
- "The market is going to be range bound considering the year ending 31st march is due, and the way that market has not broken the psychological level of 10,000, immediate bounce back and the spike is observed. There has been a strong foundation built up near the 10,000 level. Hence right now watch on market will be sell on rise for traders and for investors it is a good buying opportunity at all the deeper levels," said Ritesh Ashar, Chief Strategy Officer, KIFS Trade Capital.
- "An unchanged path of Fed hike for this year is a relief, as three hikes are already factored by the markets. Importantly Mr Powell mentioned in his speech that he would be more guided by the actual movement of inflation and changes in unemployment in the coming months. With Fed hike behind us, the markets would now watch how Donald Trump's tariff agenda plays out," said Raghvendra Nath, Managing Director, Ladderup Wealth Management.