Sensex, Nifty Flat After US Fed Raises Rates; Crude and Global Yields in Focus

Indian equities opened largely flat on Thursday after the US Federal Reserve raised interest rates by 25 basis points, marking its first rate hike in more than three years. The Nifty 50 was down 0.1% at 23,195.25, while the Sensex declined 0.21% to 74,182.62 in early trade.

The Fed also signalled the possibility of another rate increase by year-end. Higher US rates and Treasury yields could keep foreign flows under pressure, while Indian investors are also tracking crude oil, the rupee and developments in the Middle East. The Indian rupee was around Rs.95.95 per US dollar in early trade.