Indian shares set for positive start after Fed holds rates steady; elevated oil weighs
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian shares are set for a muted start on Thursday after the US Federal Reserve held interest rates steady.
- ✓GIFT Nifty futures stood at 22,708 as investors remained cautious due to elevated oil prices.
- ✓Meanwhile, many companies like Vedanta and PNB Housing Finance reported their latest quarterly financial results recently.
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Indian shares are expected to open little changed on Thursday after the US Federal Reserve held interest rates steady, as expected, while elevated oil prices kept investors cautious.
GIFT Nifty futures were at 22,708 as of 7:35 a.m. IST, indicating a muted start for the benchmark Nifty 50, which closed at 22,698.85 on Wednesday.
The Federal Reserve kept interest rates unchanged on Wednesday, opting to delay any changes to borrowing costs until after next week's US midterm elections while it awaits further data on inflation, which it said "remains elevated."
Higher interest rates increase the appeal of Treasuries and the dollar, making emerging market equities, including India, less attractive for foreign portfolio investors.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
mint
Read the full, original unfiltered story directly on the publisher's portal.