News > Markets opening bell: Indices open flat; Sensex at 59,707; Nifty above 17,800 » statusmarket
Markets opening bell: Indices open flat; Sensex at 59,707; Nifty above 17,800 » statusmarket
Statusmarkets | 21/09/2022 04:37 PM | Click to read full article
Markets were treading water on Wednesday as investors braced for a hefty rate hike from the US Federal Reserve and clues on further hikes.
Rate futures traders are pricing in an 81% chance of a 75-basis-point hike and a 19% probability of a jumbo 100 bps increase. Among stock, shares of the Central Bank of India jumped 12% after the Reserve Bank of India took the state-owned commercial bank off its prompt corrective action list.