Sensex, Nifty May Open Higher Post US Fed Rate Hike

The Sensex and Nifty are set to open higher as indicated by the Nifty futures traded on the Singapore Stock Exchange. The Singapore Nifty or SGX Nifty was up 0.34 per cent or 26 points at 7,786. Overnight, The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signalling faith that the US economy had largely overcome the wounds of the 2007-2009 financial crisis. The US central bank's policy-set...