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. Market indices stayed in the negative range during the day on Thursday. After opening higher in the morning trade, Sensex and Nifty declined considerably during the day. The market benchmark index Sensex opened nearly 71 points higher at 33,207 points against the previous session’s closing of 33,136 points. Similarly, NSE 50 Nifty opened 12 points higher at 10,168 points against the previous session’s closing of 10,155 points on Thursday.
The US Federal Reserve raised interest rates on Wednesday and forecast at least two more hikes for 2018, highlighting its growing confidence that tax cuts and government spending will boost the economy and inflation and spur more aggressive future tightening, reported Reuters
