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Sensex turns anxious, drops after dollar outflows

Press Trust of India  |  Mumbai 

The US Fed's move to tighten its policy started to give stocks some anxiety today as the lost all its initial advance and the dropped too after foreign capital headed the exit door.

Foreign funds sold net Rs 161.13 crore yesterday, as per provisional figures.

The 30-share resumed higher, but then dropped to 31,113.43 before hitting 31,126.90, down 0.09 per cent, at 1146 hours.

The 50-share moved down 0.27 per cent to 9,592.65 at 1146 hours.

fell 1.73 per cent, as also Coal India, TCS, M&M and

Overseas, Asian were trading lower in their morning trade, hit by fears of capital outflows in the wake of the US Fed hiking its The ongoing US political turmoil also had a rub-off effect.

The Federal Reserve hiked the key rate by a quarter percentage point, showing confidence in economic revival.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 15 2017. 12:28 IST