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Sensex ends lower over Fed rate hike

Mumbai : In line with weakness in global markets, the BSE Sensex and Nifty50 ended lower on Thursday after the US Federal Reserve raised its short-term interest rate.

Despite a strong recovery in the last hour of the trade, Sensex closed 50 points lower, snapping its 7-session long gaining streak.

Metal and telecom stocks along with index pivotals finance and banking stocks ended lower.

Sensex settled 52.66 points or 0.14 per cent lower at 36,431.67 after touching an intra-day high of 36,475.52 and a low of 36,202.90.