1101: Marketbuzz Podcast with Vivek Iyer: Sensex, Nifty 50 likely to open lower after hawkish Fed remarks

Indian benchmark indices — Sensex and Nifty 50 — are likely to open lower on September 21, Thursday, after the US Federal Reserve indicated it expected interest rates to remain higher for longer.



The Federal Reserve on September 20 held interest rates steady but stiffened its hawkish stance with a further rate increase projected by the end of the year.



The development in the US has left equity markets reeling under selling pressure. In the overnight session on Wall Street, the Dow Jones index ended 0.2 percent lower, S&P declined almost a percent while the tech-heavy Nasdaq index closed 1.5 percent lower.



Asian stock markets took a hit as investors exited riskier assets to take refuge in the safe-haven greenback after the US central bank struck a hawkish tone.



Meanwhile, Wednesday's trading session saw oil prices cool off from the recent peak. Oil prices have now hit a one-week low with futures hovering around the $90 a barrel mark.



Back home in the Indian market, Nifty 50 ended below the 20,000 level on September 20.



Heavyweight stock HDFC Bank was one of the top drags on the back of analysts cutting their estimates for the bank's earnings following an analyst meet.



Stocks to Watch: Fino Payments, Cipla, Biocon, Adani Green Energy, Coal India



Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session