Rate hike has no impact on the markets and we do not see any soon. We expected bears might take a shot at the hike, given the expiry this week.US Markets closed flat while rest of asia is trading mixed.
These are undoubtedly confusing times for investors as Indian markets were already placed on a strong wicket but lacking momentm. Reliance Industries might give the much needed boost for the markets. Retail push in Indian markets too is a big miss though F&O volumes are high