Deccan Herald · 17 Sept, 16:27

Economy, business and finance

Stock markets close flat after US Fed rate hike; NSE IPO in focus

Indian markets ended mixed on Thursday after the US Federal Reserve raised interest rates by 25 basis points. Sensex slipped 21.86 points while Nifty gained 53 points. Here’s what moved the markets.

Market sentiment remained cautious after the US Federal Reserve raised interest rates by 25 basis points and signalled that another increase could follow this year.