Indian Markets Flat as Fed Hike Weighs, NSE IPO Opens

Indian shares ended Thursday almost unchanged.

The Sensex went down slightly, while the Nifty rose a little.

Investors were careful after the US Federal Reserve raised interest rates.

The Fed also suggested that rates could rise again this year.

Higher US rates can make investors less willing to buy shares in other countries.

Selling by foreign investors also limited gains in India.

Banks and technology companies were weaker than some other sectors.

Meanwhile, the National Stock Exchange of India began its large IPO, which was 39% subscribed on its first day.