Mumbai, Jan. 29 -- GIFT Nifty:

GIFT Nifty January 2026 futures were down 17.50 points, suggesting a negative start for the Nifty 50 today.

The Federal Reserve on Wednesday voted to keep its key interest rate in a range between 3.5%-3.75%. The decision put a halt to three consecutive quarter percentage point reductions, billed as maintenance moves to guard against potential downturns in the labor market.

In voting to hold the line, the committee raised its assessment of economic growth. It also eased its concerns about the labor market as compared with inflation.

Meanwhile, India's industrial production rose to a 26-month high of 7.8% in December, up from 7.2% in November, according to data released by the government on January 28.

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