Stock Market Closing Bell-Sensex falls, Nifty ends at 8153 after Fed move; Axis Bank up 2%

Equity benchmarks closed lower amid consolidation after the Federal Reserve announced rate hike of 25 basis points, dragged by pharma, FMCG and index heavyweights HDFC, HDFC Bank, Infosys and Reliance Industries.

The 30-share BSE Sensex was down 83.77 points at 26519.07 and the 50-share NSE Nifty fell 28.85 points to 8153.60.

Gold prices dropped to their lowest in over 10 months, with the dollar surging after the United States raised interest rates for the first time in a year and signaled further hikes for 2017.

US gold futures declined 2.10 percent to USD 1,139.30 per ounce.

ABR CLOSING BELL:

NIFTY 50 FUT-8177.90,-19.75
NIFTY BANK FUT-18454.20,+75.70
SENSEX -26519.07,+83.77

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