Sensex, Nifty Set To Climb After US Tech Rally
From Nasdaq, Inc.:
Indian shares are expected to open higher due to a drop in oil prices and easing bond yields in the U.S. Benchmark indexes Sensex and Nifty fell by around 0.9 percent, the rupee settled almost flat at 83.14 against the dollar. Asian markets followed Wall Street higher amid expectations of U.S. interest rate cuts. China hinted at more easing with a possible reserve ratio cut. The U.S. dollar and Treasury yields eased, while gold prices rose. U.S. stocks ended higher after a New York Federal Reserve report and Fed’s rate cut expectations. European stocks reversed early losses to close higher, with the pan-European STOXX 600 gaining 0.4 percent.
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