Archive · Business Recorder
Indian shares seen opening flat after Fed signals more hikes; NSE IPO in focus
Indian shares are set for a muted start on Thursday after the US Federal Reserve raised interest rates and signalled further hikes, while elevated crude prices and a busy primary market led by the National Stock Exchange of India’s IPO opening are expected to weigh on sentiment. GIFT Nifty futures were trading around 23,224.5 points, as of 7:58 a.m. IST, indicating a flat start for the Nifty 50 index, which closed at 23,217.60 on Wednesday. The Fed raised rates by 25 basis points in a unanimous decision, its first increase in more than three years. Updated quarterly projections showed that...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →