Indian Equities Close Flat as US Fed Rate Hike Weighs; NSE IPO Subscribed 39% on Day 1
· rediff.com
Indian benchmark indices, Sensex and Nifty, closed nearly flat on Thursday, influenced by the US Federal Reserve's interest rate hike and indications of further monetary tightening. Despite some intraday gains, caution prevailed, with foreign institutional investors continuing to offload equities. Meanwhile, the National Stock Exchange of India's (NSE) mega initial public offering opened for subscription, garnering 39 per cent subscription on its first day.
Indian stock markets remained largely unchanged on Thursday, navigating investor caution triggered by the US Federal Reserve's latest interest rate hike and its...