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Markets snap 7-day winning streak; metal, telecom major drags

Metal, telecom, finance and banking stocks were the major drags.

Markets snap 7-day winning streak; metal, telecom major drags

New Delhi: Snapping 7-day winning streak, markets ended in negative territory on Thursday, in line with weakness in global markets after the US Federal Reserve raised its short-term interest rate.

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. The Nifty50 lost 15.60 points or 0.14 per cent to finish at 10,951.70.

Metal, telecom, finance and banking stocks were the major drags.

The Indian rupee gained close to 40 paise after the Fed decision and a sustained decline in the global crude oil prices. It traded around 70 against the US dollar after closing at 70.40 on Wednesday.

With Agency Inputs