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Markets gain ahead of US Fed rate decision

Business Standard

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March 23, 2023

Stock markets gained slightly as investors around the world shifted focus to the US Federal Reserve's rate decision after the conclusion of a two-day meeting of the Federal Open Market Committee.

Markets gain ahead of US Fed rate decision

The ongoing crisis in the banking sector sparked hopes that the US Fed would apply the brakes on interest rate hikes even though inflation remained stubbornly high. The S&P BSE Sensex ended the session at 58,214, with a gain of 140 points or 0.24 per cent. The Nifty, on the other hand, ended the session at 17,152, up 44 points, or 0.3 per cent.

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