Indian market closes lower on Thursday
Mumbai, Mar 22 (IBNS): Key Indian benchmark indices closed lower on Thursday, with BSE Sensex down 129.91 points at 33,006.27 and NSE Nifty down 47.20 points to 10,108.10, largely due to the impact from the US Fed Reserve interest rate hike.
The US Fed Reserve raised the benchmark lending rate a quarter-point and forecast a steeper path of hikes in 2019 and 2020, citing an improving economic outlook, media reports said.
Key Indian stocks that gained on Thursday included Vedanta, ONGC, Tata Motors, IndusInd Bank, Sun Pharma and Reliance while BPCL, HPCL, SBI, Wipro, M&M, Maruti Suzuki and ICICI Bank were some of the key stocks that declined.
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