Indian shares steady after US Fed holds key rates unchanged, elevated oil weighs
Livemint 5 hrs ago·29 Oct 2026, 2:27 am
Indian equity benchmarks ended the session on a flat note, mirroring a global trend as the US Federal Reserve held its benchmark interest rate steady. This decision, made to balance inflation control with economic growth, kept global financial conditions relatively calm. However, the market mood was tempered by a sharp rise in crude oil prices, which added to the cost of imports and raised concerns about inflationary pressures.
For investors, this combination of events highlights a period of cautious stability. The unchanged US rates suggest that foreign capital flows may remain steady, but the high cost of oil poses a challenge for corporate margins and the overall economy. The market is currently navigating a delicate balance between positive global cues and domestic inflation risks.
Investors should watch for upcoming domestic inflation data and the government's response to rising oil prices. Additionally, keeping an eye on global oil trends will be crucial, as any further spikes could impact market sentiment. The focus remains on how domestic companies manage these cost pressures in the coming quarters.
Excerpt from Livemint
The benchmark Nifty 50 slipped 0.04% to 22,690.65, while the Sensex rose 0.03% to 73,268.47, as of 09:15 am. Indian shares opened little changed on Thursday after the US Federal Reserve held interest rates steady, as expected, while elevated oil prices kept investors cautious. The benchmark Nifty 50 slipped 0.04% to…Read the original at Livemint
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- Category: Economy.
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