MarketBuzz Podcast With Sonal Bhutra: Sensex, Nifty50 likely to make a gap-up start today; Fed hikes rates as expected

Indian equity benchmarks Sensex and Nifty50 are likely to start Thursday's session on a strong note tracking sharp gains across global markets, after the Fed announced its first rate hike in more than three years, as expected. At 8:54 am, Singapore Exchange (SGX) Nifty futures -- an early indicator of the Nifty50 index -- were up 250 points or 1.5 percent at 17,257. Investors continued to track updates on the Russia-Ukraine war and increasing COVID-19 cases in China closely.