PODCAST | Sensex falls 130 pts, Midcap index dips 1% post US Fed decision

A selloff in the last hour, amid a volatile day overall, forced the market to end on a negative note on Thursday. Indices failed to sustain any recovery that was visible in the past two sessions. Additionally, a hike of key interest rates by US Federal Reserve by 25 basis points also aided the bearish sentiment on D-Street.

Having said that, Sensex managed to end the day above 33,000, while the Nifty ended just above 10,100.

In broader markets, the midcaps witnessed a day of underperformance to the benchmarks, with the Nifty Midcap closing with a cut of 1 percent.

All sectoral indices have ended in the red, with maximum cuts seen in Nifty PSU bank index trading over 2 percent lower. Nifty IT and Nifty Auto indices followed PSU banks and lost up to 1 percent.

Meanwhile, among index heavyweight stocks, ICICI Bank and State Bank of India were the biggest laggards for the second day in a row, while Reliance and HDFC Bank were among the top index gainers.