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  • News From Press Spooked by Yellen, midcaps go downhill, but may rebound soon

    Spooked by Yellen, midcaps go downhill, but may rebound soon

    Source: Economic Times Feb 17, 2017

    Mid and small-cap shares led the sell-off on Dalal Street on Wednesday after US Federal Reserve chief Janet Yellen's averred last night that rate increases are on track. Also, disappointing quarterly results from Tata MotorsBSE 2.14 % and Sun PharmaBSE 4.31 % turned the sentiment negative. 

    Indian shares underperformed their Asian peers with benchmark indices falling about 0.7% on Wednesday. The Sensex dropped 183.75 points, or 0.65%, to close at 28,155.56. The Nifty declined 67.60 points, or 0.77%, to end at 8,724.70.

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