New Delhi, Oct. 29 -- The US Federal Reserve's decision to keep interest rates unchanged has offered some support to Indian equities, but the relief may prove short-lived if domestic interest rates rise in the coming months.

Sensex jumped 762 points or 1% to the day's high of 74,007.70, while the broader Nifty 50 rose 210 points or 0.9% to an intra-day high of 22,908.75.

Emkay expects the Reserve Bank of India (RBI) to deliver another 75 basis points of cumulative rate hikes in the current cycle, with increases anticipated in December 2026 and February 2027. This raises a key question for investors: can the Nifty sustain its gains amid the prospect of tighter domestic monetary policy, elevated crude oil prices and persistent inflationar...