Nifty, Sensex fall after US Fed indicates rate hikes

Stocks fell after U.S. Federal Reserve signalled a faster-than-expected pace of tightening next year, spurring fears of dollar outflows from emerging markets.

A broker reacts while trading at his computer terminal at a stock brokerage firm. (File | Reuters)

MUMBAI: Indian shares fell on Thursday, dragged down by pharma stocks, while sentiment was hit as the U.S. Federal Reserve signalled a faster-than-expected pace of tightening next year, spurring fears of dollar outflows from emerging markets.

The broader NSE index ended 0.35 percent lower at 8,153.60, while the benchmark BSE index closed 0.31 percent lower at 26,519.07.