Nifty falters; global stocks hit by Fed worries

Mumbai: The Nifty falls 0.4 per cent tracking weak global shares. San Francisco Fed paper says investors underestimated the speed at which the Fed might raise rates. The broader index and Sensex head for a second day of falls after record highs hit on Monday. Blue-chips lead falls for the second day.

Hero MotoCorp is down 1.4 per cent, Reliance Industries Ltd falls by 0.8 per cent. ITC Ltd shares fall 0.7 per cent on concerns about tougher tobacco regulations.