4 hrs ago
GIFT Nifty Signals Cautious Start After Fed Rate Hike
Indian stock markets may open carefully after signals from the United States.
GIFT Nifty was lower before trading began.
The Federal Reserve raised interest rates by 25 basis points.
It also said another increase might happen before the end of 2026.
Higher interest rates can make investors more cautious.
The US 10-year government bond yield moved above 5%.
US stocks fell, although US stock futures later pointed to a positive opening.
Asian markets were mostly higher, and Indian domestic investors bought more shares than foreign investors sold.
GIFT Nifty fell 48 points, or 0.21%, below 23,250, indicating a cautious start for Indian equities.
The Federal Reserve raised its benchmark rate by 25 basis points to a 3.75%-4% target range and signaled one possible additional hike in 2026.
The US 10-year Treasury yield rose above 5% to 5.016%, while US stocks ended Wednesday lower.
Asian markets traded higher in early deals, led by gains in South Korea and Japan.
Foreign institutional investors sold shares worth Rs 2,032.61 crore, while domestic institutions bought Rs 3,908.23 crore on September 16.
- Who
- Indian equity investors, foreign and domestic institutional investors, and the US Federal Reserve.
- What
- GIFT Nifty indicated a cautious opening for Indian equities after a US interest-rate increase and a rise in Treasury yields.
- Where
- Indian and global financial markets, including the United States and Asia.
- When
- The market cues were reported for September 17, 2026, following trading on September 16.
- Why
- The Federal Reserve raised rates by 25 basis points and highlighted continued inflation risks, pushing US Treasury yields higher.
Key facts
- GIFT Nifty
- Down 48 points, or 0.21%, and trading below 23,250 in early trade.
- Previous Sensex close
- 74,336.45, up 332.63 points, or 0.45%.
- Previous Nifty close
- 23,217.60, up 99 points, or 0.43%.
- Federal Reserve decision
- Rates raised by 25 basis points to a target range of 3.75%-4%; the decision passed 12-0.
- US 10-year Treasury yield
- Rose 2 basis points to 5.016%.
- Foreign institutional activity
- FIIs were net sellers worth Rs 2,032.61 crore on September 16.
- Domestic institutional activity
- DIIs were net buyers worth Rs 3,908.23 crore on September 16.
Sources
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