How can US Fed FOMC meeting outcome impact Indian stock market? Sensex, Nifty to rise? Experts decode

What happened: The US Federal Reserve held the federal funds rate at 3.75% to 4% on 28 October, with two FOMC members dissenting in favour of a 25-basis-point hike. The Fed said inflation remains elevated while economic activity is growing strongly. Key numbers: Target range 3.75% to 4%, set on 16 September. Vote 10 to 2. Why it matters: Experts said the pause was already priced in and is unlikely to move Indian stocks much. They flagged elevated oil prices, rising US bond yields and rupee weakness as bigger concerns, and expect a December hike.

The US Federal Reserve held the federal funds rate at 3.75% to 4% on 28 October, with two FOMC members dissenting in favour of a 25-basis-point hike. The Fed said inflation remains elevated while economic activity is growing strongly.

Experts said the pause was already priced in and is unlikely to move Indian stocks much. They flagged elevated oil prices, rising US bond yields and rupee weakness as bigger concerns, and expect a December hike.