Stock markets close flat after US Fed rate hike
• The BSE Sensex and NSE Nifty indices closed nearly flat on Thursday following a US Federal Reserve interest rate hike and signals of further monetary tightening. • The 30-share BSE Sensex dipped 21.86 points, or 0.03 per cent, to settle at 74,314.59 after erasing intraday gains of 341.11 points. • This market caution impacted major financial and consumer firms, with HDFC Bank, ICICI Bank, and Titan among the primary laggards.
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