Markets Open Higher, Turn Mixed as Fed Caution Kicks In
What Happened
Sensex opened 245 points higher at 74,249, while Nifty started the day above 23,200, aided by positive global cues and gains in IT stocks. However, early optimism faded as investors remained cautious ahead of the US Federal Reserve decision and elevated crude oil prices. At the latest available update, Nifty was at 23,224 (+0.46%), while Sensex was at 74,782 (-0.16%). Banking stocks remained firm, but broader markets were under pressure.
Key Takeaways
The market opened strong but turned volatile. Investors are watching the Fed decision, inflation concerns, and oil prices, which could drive the next major move in Indian equities.