**Moneycontrol News **

The S&P BSE Sensex slipped over 100 points weighed down by weal global cues after the US Federal Reserve on expected lines raised rates by 25 bps but hinted at 2 rate hikes in 2018 which led to some nervousness on equity markets across the globe.

"The Federal Reserve voted to raise its benchmark federal-funds rate by a quarter percentage point to a range of 1.75% to 2% and also projected a slightly faster pace of rate increases in the coming months, with two additional hikes expected by the end of this year, compared to one previously," Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund.

"Investors took this as a more aggressive stance than previously projected and consequently took to selling equities. Key benchmark indices in India finally closed the day with losses of over 0.25%. Barring the healthcare index, which gained close to 2% in trade today, all other sectoral indices traded the day in the negative zone," he said.

Sectorally, the S&P BSE Healthcare index rose 1.4 percent, followed by the S&P BSE Auto index which rose 0.05 percent.

On the losing front, the S&P BSE IT index lost 1.4 percent, followed by the S&P BSE PSU index which was down 1.3 percent, and the S&P BSE Consumer Durable index which slipped 0.89 percent.

The S&P BSE Smallcap index rose 0.07 percent while the S&P BSE Midcap index which slipped 0.08 percent.

Top Sensex gainers which include names like Sun Pharma, Yes Bank, IndusInd Bank, Dr. Reddy’s Laboratories, and Kotak Mahindra Bank.

Top Sensex losers which include names like Infosys, ICICI Bank, Adani Ports, TCS, SBI, and Axis Bank.