Indian Shares End Choppy Session Mixed After Fed Hike

(RTTNews) - Indian shares swung between gains and losses on Thursday before ending on a mixed note. A cautious undertone prevailed after the U.S. Federal Reserve raised interest rates for the first time in three years and signaled more increases to curb persistent inflation. 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. On the positive side, the U.S. dollar index weakened, and U.S. Treasury yields edged lower, reflecting markets' increased trust in the Federal Reserve's resolve to bring inflation under control.