Markets today Live Updates: Indian Stock Market indices BSE Sensex and NSE Nifty were expected to have a muted start on Thursday after the US Federal Reserve raised interest rates and signalled further hikes. Elevated crude prices and a busy primary market, led by the National Stock Exchange of India's IPO opening, were expected to weigh on sentiment. GIFT Nifty futures were trading around 23,224.5 points as of 7:58 a.m. IST, indicating a flat start for the Nifty 50 index, which closed at 23,217.60 on Wednesday. The Fed raised rates by 25 basis points in a unanimous decision, its first increase in more than three years. Updated quarterly projections showed that 16 of 18 policymakers expected At least one additional 25-basis-point increase by year-end. GIFT Nifty futures were trading around 23,224.5 points as of 7:58 a.m. IST, indicating a flat start for the Nifty 50 index, which closed at 23,217.60 on Wednesday. The Fed raised rates by 25 basis points in a unanimous decision, its first increase in more than three years. Updated quarterly projections showed that 16 of 18 policymakers expected at least one additional 25-basis-point increase by year-end. NSE IPO updates: National Stock Exchange of India Ltd.’s long-awaited initial public offering starts taking orders on Thursday. The shares are being offered at ₹ 1,700 to ₹ 1,785 a share and will close for subscription on September 21. NSE reduced the number of shares on offer to 126.44 million from 148.9 million planned earlier, according to its updated prospectus, according to a Bloomberg report. The offering is entirely a sale by existing shareholders, meaning the exchange won’t receive any of the proceeds. Markets today LIVE updates: Indian stock market indices BSE Sensex and NSE Nifty had a muted start on Thursday after the US Federal Reserve raised interest rates and signalled further hikes. Elevated crude prices and a busy primary market, led by the National Stock Exchange of India's IPO opening, were expected to weigh on sentiment.
