Stock Market LIVE: GIFT Nifty signals negative open; Asia mkts mixed post US Fed's rate hike

The GIFT Nifty indicated a slightly lower open for the Nifty50. Asian markets were mixed as traders assessed the US Federal Reserve's policy decision.

The US Federal Reserve raised its policy rate by 25 basis points to 3.75 per cent–4 per cent, its first increase in three years, and projected another hike this year. According to Hindu BusinessLine, this could keep markets volatile and limit any immediate recovery.

The Fed's decision had a mixed impact on Asian markets. The Korea Times reported that financial authorities in Korea expect the rate hike to have a limited impact on financial markets as expectations of the move had already been priced in. Meanwhile, The Business Times reported that Asia markets opened mostly higher, with Singapore's Straits Times Index rising 0.4 per cent in the first 5 minutes of trading.

Brief written by urgent.news from Business Standard IN, Hindu BusinessLine, Dawn Business, The Korea Times, The Business Times - Companies & Markets — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.