Sensex, Nifty open higher after Fed holds rates
In short
Sensex and Nifty opened 0.2% higher on Thursday after the US Federal Reserve kept rates unchanged. Traders also watched higher crude prices and foreign outflows.
The market is being guided by expiry levels, with 73,000 and 72,600 seen as support and 73,500 to 73,800 as resistance. It is still unclear whether the gains will last.
What the reporting says
Sensex and Nifty opened 0.2% higher as investors weighed the US Federal Reserve’s unchanged rates against elevated crude prices and foreign outflows. Ahead of monthly expiry, traders were watching 73,000 and 72,600 as support, with 73,500 to 73,800 as resistance. The immediate market implication is a cautious near-term setup, while the source does not say whether the move will hold through expiry.
Why it matters
Sensex and Nifty opened 0.2% higher as markets reacted to the Fed’s unchanged rates and balanced that against elevated crude prices and foreign outflows. The report highlights monthly-expiry levels at 73,000 and 72,600 for support, and 73,500 to 73,800 for resistance. This points to a short-term trading focus rather than a clear trend. The source does not state a final direction for the session.