{
  "id": 7971807,
  "title": "Sensex rises 200 points, Nifty above 23,300 despite Fed rate hike. Why bears may be ready to pounce",
  "url": "https://urgent.news/2026/09/17/sensex-rises-200-points-nifty-above-23-300-despite-fed-rate-hike-why",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T06:11:53.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/sensex-rises-200-points-nifty-above-23300-despite-fed-rate-hike-why-bears-may-be-ready-to-pounce/articleshow/134303083.cms"
  },
  "original_language": "en",
  "account": "On Thursday, Indian stock markets showed a positive trend as the Sensex and Nifty traded at higher levels, defying concerns after the US Federal Reserve raised interest rates for the first time in three years. The Sensex climbed around 245 points to 74,586, while the Nifty 50 surged more than 104 points to reach 23,321. Broader markets also turned bullish with Nifty Midcap 100 and Nifty Smallcap 100 witnessing nearly 1% gain each.\n\nTop gainers in the Sensex included Zomato and Eternal, the parent company of Blinkit, which saw their shares rise by around 3%. Bajaj Finance, BEL, ITC, and Axis Bank also gained nearly 1% each, while HDFC Bank, TCS, HCL Technologies, and Infosys fell nearly 1% each. The majority of sectoral indices, excluding Nifty IT, were trading green, with Nifty Metal, Nifty Pharma, Nifty PSU Bank, Nifty Auto, and a few others gaining around 1% each. The market breadth turned positive, with 2,316 stocks advancing against 827 that declined, while 105 remained unchanged.\n\nDespite the positive sentiment, analysts advise caution due to multiple headwinds. The US Federal Reserve's decision to increase the benchmark interest rate by 25 basis points to a range of 3.75-4% was expected, with traders anticipating a 50% chance of another rate hike next month to control inflation. High bond yields and a weakening Indian rupee against the US dollar, which touched the 96-mark for the first time in over a month, continue to weigh on the markets.",
  "summary": "Sensex and Nifty extended gains despite the US Federal Reserve’s first rate hike in three years, supported by broad-based buying outside the IT sector. Analysts remain cautious as elevated bond yields, FII selling, rupee weakness and geopolitical risks could fuel volatility.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}