Sensex dips after U.S Federal Reserve raises interest rate
The Sensex was at 35570.43, down 151.54 points, while the Nifty was at 10799.50, down 57.20 points. This is after the United States Federal Reserve raised interest rates and took a strong line in forecasting a slightly faster pace of tightening for the rest of the year.
Worries about U.S-China trade tensions was another reason investors are on edge.
The Federal Reserve has raised rates seven times since late 2015 on the back of the economy's continuing expansion and solid job growth.
Inflation has increased to 4.43% in May, from 3.18% in April, as per government data.