Indian Shares Little Changed In Lackluster Trade; IT Stocks Drag

Indian shares were flat to slightly higher after the U.S. Federal Reserve kept rates unchanged, as expected, but its latest projections pointed to at least one additional rate increase this year. The hawkish signal from the Fed may keep global risk appetite cautious and pressure emerging-market sentiment despite the no-change decision.

Analysis

Indian shares were flat to slightly higher after the U.S. Federal Reserve kept rates unchanged, as expected, but its latest projections pointed to at least one additional rate increase this year. The hawkish signal from the Fed may keep global risk appetite cautious and pressure emerging-market sentiment despite the no-change decision.