20 March 2014

Live Intraday Stock Market Updates : Sensex loses over 50 pts

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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