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Economy, business and finance
GIFT Nifty Signals Cautious Start; US Fed Hike, Firm Dollar Weigh On Sentiment
GIFT Nifty trades at 23,238, down 29 points or 0.12%, signalling a muted-to-negative start for the domestic market.
GIFT Nifty Today: The domestic equity markets are likely to open on a cautious note on Thursday, with GIFT Nifty trading at 23,238, down 29 points or 0.12%, signalling a muted-to-negative start for the domestic market.
The subdued cues come after the US Federal Reserve raised interest rates by 25 basis points to 3.75%-4%, its first rate hike since July 2023. The Fed also indicated one more rate increase could be warranted this year, keeping investors wary of tighter global financial conditions.