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Global cues drag Sensex 139 pts after Fed rate hike; Midcap outperforms; RIL at record close

The 30-share BSE Sensex recovered more than 100 points from day’s low in later part of the session, ending down 139.34 points at 35,599.82. The 50-share NSE Nifty managed to close the session above 10,800 levels, falling 48.70 points to 10,808. Benchmark indices ended volatile session in the red on Thursday as investors after digesting

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Asian shares down on Federal Reserve hike, China-US trade anxiety

Asian shares edged down on Thursday after the Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening for the rest of the year, while concerns about US-China trade frictions kept investors on edge. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.25 percent in