Fed rate hike signals spook investors, may spur capital outflow

Investors are worried other global central banks will follow the hawkish shift by the Fed, resulting in capital outflows from emerging markets such as India. Indian stocks joined a global selloff on Thursday. The BSE Sensex slipped 581.21 points to 57,276.94. The NSE's Nifty shed 167.80 points to 17,110.15