Sensex falls 150 pts, Nifty breaks 8700; banks, RIL drag
Fed bows to market's more dovish view of soaring dollar
Franklin eyes doubling its AUM to Rs 1,20,000 cr in 5 yrs
Realty stocks rise; Maha govt ups premium on additional FSI
Oil prices surge as Fed stays cautious on rates
The 30-stock Sensex ended the day in the red after rallying over 300 points in intraday trade on hopes that US Federal Reserve would not go for a rate hike soon.
The Nifty extended losses for second straight session and closed near support of 8,600. The US Federal Reserve took a dovish stand on interest rates and said the action will be data driven. According to analysts, the hike may happen in June or may get delayed to September as well.
Most of the Asian markets ended in the green zone, except for Japan's Nikkei, which closed the day below its crucial 19,500-mark.
The Sensex ended the day at 28,469.67; down 152.45 points.
The broader 50-share Nifty closed the session at 8,634.65; down 51.25 points.
Top gainers on sensex : Gail, Ntpc, , Ongc and Tata steel (0.9%)
Top losers on sensex : axis bank , Bhel, Sbi, Ril and Icici bank (-1.7%)
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