Markets down after US FED hikes interest rate

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Mumbai : Indian indices opened on negative on September 22 with Nifty below 17,600 on the back of weak global markets post US Federal Reserve raised interest rates by 75 basis points for the third consecutive time.

The 30-share based 30 share based Sensex was down 370.75 points or 0.62% at 59086.03, and the broad based Nifty was down 133.80 points or 0.76% at 17584.50. About 776 shares have advanced, 1013 shares declined, and 114 shares are unchanged.

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