How US Fed's 25bps rate hike will impact Indian stock market today — explained2 min read 22 Mar 2023, 12:51 PM IST
Stock market today: US Fed rate hike of up to 25 bps was widely expected from FOMC meeting on Wednesday
US Fed rate hike: In two days Federal Open Market Committee (FOMC) meeting held during 21st to 22nd March 2023, the US Federal Reserve decided to raise interest rate by 25 bps. According to stock market experts, Dalal Street was expecting this 25 bps interest rate hike and it had already discounted itself before the US Fed's rate hike announcement on Wednesday. However, they are expecting highly volatile session On Thursday. Market experts advised short term investors to look at high quality pharma and FMCG stocks that are available at discounted and attractive valuations. For long term investors, experts suggested buy on dips strategy in Auto, IT and banking stocks as these stocks may come under the radar of bears after this outcome of FOMC meeting.
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