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Indian markets react negatively to news of likely US Fed rate hike

India Blooms News Service | | May 19, 2016, at 11:57 pm

#Indian Market # Sensex # Nifty

Mumbai, May 19 (IBNS) While results of assembly elections in Assam, Kerala, Puducherry, Tamil Nadu and West Bengal hogged the limelight on Thursday, the Indian market closed on a losing note following global cues after minutes of the US Fed indicated a likely rate hike during its June policy meet

BSE fell 304.89 points to 25399.72 while Nifty was down 86.75 points to 7783.40.

Major gainers on Thursday were Lupiin, Wipro, Tata Motors, Maruti and Hero MotoCorp while major losers included Adani Ports, SBI, L&T, GAIL and HDFC.

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