The Economic Times

Sensex rises 200 points, Nifty above 23,300 despite Fed rate hike. Why bears may be ready to pounce

Sensex and Nifty extended gains despite the US Federal Reserves first rate hike in three years, supported by broad-based buying outside the IT sector. Analysts remain cautious as elevated bond yields, FII selling, rupee weakness and geopolitical risks could fuel volatility.