Federal Reserve's decision to scale back US fiscal stimulus by USD 10 billion a month to USD 75 billion may strengthen dollar and may also have an impact on foreign money inflow to India, feel experts.
Mumbai: The market gave up some of previous day's gains on Thursday on fears that Fed tapering, which will begin in January, may impact inflow of overseas money.
However, it rallied 158 points in opening trade to surpass the 21,000-mark on the Sensex following strong upmove in global peers, but immediately that rally washed out.
The Sensex slipped 151.24 points to close at 20,708.62, and the Nifty lost 50.50 points to 6,166.65.
Federal Reserve's decision to scale back US fiscal stimulus by USD 10 billion a month to USD 75 billion may strengthen dollar and may also have an impact on foreign money inflow to India, feel experts.
Comments
0 comment