Stocks to watch today: Domestic markets are likely to have a quiet start on Thursday after the US Federal Reserve (US Fed) indicated interest rates to peak above 5 per cent by 2023. The central bank hiked rates by 50 basis points in its December meeting to 4.25-4.5 per cent, highest seen in 15 years.
At 7:35 am, the SGX Nifty quoted 18,687 levels, indicating a flat start at the bourses.
Globally, the US equities reacted negatively to the US Fed’s rate action as Dow Jones declined over 100 points to 0.4 per cent. NASDAQ Composite and the S&P 500,