Business Standard

Have the Indian stock markets rallied too fast, too soon?

Until the S&P BSE Sensex and Nifty50 do not break 57,000 and 17,000 levels, there are higher changes of touching 64,000 and 19,000 levels.

Traders staring at BSE building.
Web Exclusive Premium

BSE Sensex

Puneet WadhwaAvdhut Bagkar New Delhi / Mumbai
Indian frontline benchmarks – the S&P BSE Sensex and the Nifty50 – have rallied around 12 per cent each since June-end and outperformed their global peers by a wide margin. On Thursday, the US Fed hiked interest rates by another 75 basis points (bps) – the third such hike this year – and surprised the markets by projecting further sizable hikes in the coming months.

With the latest hike, the Fed fund rate (FFR) now stands in the range of 3 – 3.25 per cent and is highest since January 2008. The Federal Open Market Committee (FOMC) revised

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 22 2022 | 11:15 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com