Trivesh D, COO, Tradejini underscored that the US Federal Reserve (Fed) is poised to uphold its steadfast hawkish stance.

"The Fed's resolute commitment to maintaining record-high interest rates, a strategy to combat inflation, is expected to persist, with no imminent plans for a reduction. This decision, while unlikely to trigger significant repercussions in the Indian stock market, underscores the fact that market participants have already factored in the effects of these unprecedented interest rates and the recent election dynamics," said Trivesh.