Markets End Mixed; Nifty Holds Gains Despite Fed Jitters
What Happened
Indian equities closed on a mixed note as investors assessed the US Federal Reserve's rate hike. The Nifty 50 gained 53 points (0.23%) to close at 23,270.60, while the Sensex slipped 21.86 points (0.03%) to 74,314.59. Broader markets outperformed, with the midcap and smallcap indices gaining around 0.9% and 0.7%, respectively.
Key Takeaways
Auto, pharma, realty and metal stocks led gains, while banking shares remained under pressure. Falling crude oil prices, a drop in India VIX, and strength in broader markets supported sentiment, but concerns over global rates and continued foreign investor selling kept benchmark gains in check.