Nifty settles above 23,250 mark; broader mrkt outperforms
Mumbai, Sept. 17 -- The benchmark indices ended with sideways today, as investors assessed the US Federal Reserve's latest policy decision and its implications for global liquidity. The Fed's 25-basis-point rate hike, which took the benchmark rate to 3.75%-4%, kept risk appetite subdued, while a stronger dollar continued to weigh on Asian currencies, including the rupee.
The Fed's indication of another rate hike in 2026 kept investors cautious, particularly across rate-sensitive and foreign-portfolio-investment-driven segments. However, selective buying in domestic sectors helped the Nifty settled above the 23,250 mark. Market participants are likely to track currency movements, US bond yields and foreign fund flows for further direction...
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