Sensex Rises 200 Points, Nifty Above 23,300 Despite Fed Rate Hike. Why Bears May Be Ready to Pounce

Sensex rises 200 points, Nifty above 23,300 despite Fed rate hike. Why bears may be ready to pounce

Sensex and Nifty extended gains despite the US Federal Reserve’s first rate hike in three years, supported by broad-based buying outside the IT sector. Analysts remain cautious as elevated bond yields, FII selling, rupee weakness and geopolitical risks could fuel volatility.

Indian Equity Market Opens Flat After Fed Rate Hike; Sensex Up 80 Points; Nifty Above 23,200

Get latest articles and stories on Business at LatestLY. Indian benchmark indices opened flat on Thursday following the US Federal Reserve’s interest rate hike. Nifty was holding above 23,200 while Sensex was up around 80 points during the early morning session.  Business News | Indian Equity Market Opens Flat After Fed Rate Hike; Sensex Up 80 Points; Nifty Above 23,200.

Nifty 50 Today: Index Rebounds Above 23,300 After Fed Rate Hike

The Nifty 50 rebounded above 23,300 on Thursday after initially opening lower as Indian stock markets absorbed the Federal Reserve’s first US interest rate hike in more than three years. The benchmark index traded at 23,301.30 by 10:22 IST, up 83.70 points or 0.36%, after opening at 23,195.25. The Nifty 50 reached an intraday high of 23,325.40 after briefly falling to 23,193.65, according to the latest market data. The recovery marks an improvem…