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Stock Market Opening News
The market has opened lower tracking global markets reacting to Federal Reserve's interest rate.
The Sensex is down 165.32 points or 0.6 percent at 26437.52 and the Nifty is down 53.20 points or 0.6 percent at 8129.25.
About 198 shares have advanced, 701 shares declined, and 28 shares are unchanged.
Federal Reserve raised interest rates by a quarter point and signaled hikes could come next year at a faster pace than some expected. The Fed's decision to raise rates comes as President-elect Donald Trump, who will be sworn in next month, is seen cutting taxes and increasing spending on infrastructure.
Fed Chair Janet Yellen indicated the central bank was, at the margins, adapting to Trump, as some committee members began shifting fiscal policy assumptions to slightly faster growth and lower unemployment.
The Indian rupee has opened at 67.76 against the US dollar, down 33 paise from previous close after the Federal Reserve hiked interest rate and its commentary was more hawkish than expected.
Opening Bell
Sensex Down - 105.13 @ 26497.71
Nifty Future Down - 68.65 @ 8129.00
Bank Nifty Future Down - 188.70 @ 18189.80
USD/INR – 67.76
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