Today The Intraday Market opened lower as Federal Reserve
chair Janet Yellen suggested interest rate hikes in about six months after
quantitative easing ends. The Sensex is down 78.59 points at 21754.27 and the
Nifty is down 22.55 points at 6501.50.
Back to domestic shares, oil & gas and bank stocks are
under pressure. Axis Bank, TCS, Dr Reddy’s Labs, Coal India and ONGC are major
losers. Among the gainers are Infosys, Wipro, Tata Steel, GAIL and Bharti
Airtel.
Indian rupee opened lower at 61.38 per dollar, down 43 paise
compared to previous day's closing value of 60.95 a dollar after indication
from Fed chair Janet Yellen of likely hike in interest rates in the US.
Asian Intraday stocks follow Wall Street
lower after Yellen signals rate rise. South Korean shares extended declines on
a 1.5 percent decline in index heavyweight Hyundai motor.
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