Indian Shares Seen Little Changed At Open After Fed Rate Hike

(RTTNews) - Indian shares are seen opening little changed on Thursday as investors weigh a Federal Reserve's hawkish rate hike against falling oil prices. As Fed officials shift focus to broader and more persistent inflation pressures, traders have increased bets the Fed will keep raising rates, with at least one more increase predicted this year. Investor attention is now heavily focused on upcoming U.S. inflation and labor-market data ahead of the October meeting. Benchmark indexes Sensex and Nifty ended Wednesday's session around half a percent higher as oil prices and bond yields pulled back from recent highs. The rupee settled 7 paise lower at 95.