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Indian Markets Brace for Volatility After US Rate Hike
17 Sep
Summary
- Indian stock market shows signs of volatility.
- US Federal Reserve enacts its first interest rate increase in three years.
- Nifty 50 and Sensex experienced mixed trading on Wednesday.
The Indian stock market is poised for a period of volatility, influenced by the US Federal Reserve's recent decision to implement its first interest rate increase in three years. This significant global economic move is expected to impact market directions across India, the Asia Pacific, and Western markets.
Pre-market indicators, specifically Gift Nifty's performance around the 23,219 level, suggest a cautious opening for India's benchmark indices, Nifty 50 and Sensex. Despite this anticipation of volatility, Wednesday's trading session saw the Sensex climb 332.63 points to close at 74,336.45. The Nifty 50 also concluded the day on a positive note, rising 99 points to 23,217.60, thereby ending a two-day losing streak.
