Sensex, Nifty slump as US Fed hikes policy interest rates

Mumbai (Maharashtra) [India], September 22 (ANI): The Indian stock market's key indices, Sensex and Nifty, fell sharply on Thursday after the US Federal Reserve hiked policy interest rate by 75 basis points and signaled that the borrowing costs would be increased further in the coming months.

The 30 stock SP BSE Sensex was trading 151.04 points or 0.25 per cent down at 59,305.74 points against its previous day's close at