The Sen Times

Stock markets trade marginally higher after US Fed rate hike; NSE IPO in focus

Mumbai, Sep 17 (PTI) Market benchmark indices Sensex and Nifty were trading marginally higher in early trade on Thursday as crude oil prices eased slightly from their recent highs, although caution prevailed after the US Federal Reserves rate hike and indications of further tightening. Foreign fund outflows and muted trend in Asian markets also capped the gains in the domestic equities during initial trading. The 30-share BSE Sensex advanced 86.49 points to 74,422.94 in early trade. The 50-share NSE Nifty was up 50.1 points to 23,267.70. Among the 30 Sensex firms, Eternal, Bajaj Finance, Bharat Electronics, Mahindra & Mahindra, Bajaj