Fed holds, crude stays high: Nifty edges up as bulls fight back at 22,600
Sensex opens tad higher at 73,268.47, extends gains to 73,388.81 in early session
The US Federal Reserve decided to keep interest rates steady at 3.75% to 4.00%, sparking a modest rally in global equity markets, including India's Nifty 50 index. The index opened the trading session at 22,730.10, up 0.14% from its previous close of 22,698.85, as institutional investors from both India and abroad absorbed overnight cues.
Adani Ports led the Nifty 50 gainers, rising 2.36% to ₹1,802.90, while TCS advanced 1.56% to ₹2,498.40. Bank Nifty faced resistance around 54,600-54,800, while energy costs remained elevated due to high crude prices, affecting oil-sensitive sectors.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
