The odds of a September rate hike jumped to 30% from 24% before his comments, Bloomberg data showed. At 9:34am, Sensex was down 1.47% or 424.66 points at 28,372.59 points, while Nifty traded 1.56% or 138.65 points lower at 8,728.05 points. “Tomorrow being a markets holiday in India, people may not take a chance to wait for another session,” added Baliga. All the sectoral indices were trading lower, with BSE Realty and BSE Auto indices leading the losses, down 2.81% and 2.29%, respectively. The overall market breadth was extremely negative, with five shares declining for every share that advanced on the BSE.

Source: Mint September 12, 2016 05:03 UTC