Sensex, Nifty To See Muted Start As Traders Pare Rate Cut Bets
From Nasdaq:
Indian shares may struggle for direction at open on Friday, following mixed cues from global markets and doubts about the Federal Reserve’s potential interest rate cuts. Sensex and Nifty jumped 0.7 percent on Thursday after two days of declines. The rupee gained 7 paise against the dollar, while Asian stocks traded narrowly mixed. The dollar was on track for its strongest week since July, and oil steadied after declining on Thursday. U.S. stocks ended mostly lower, as strong labor market data raised uncertainty about potential rate cuts. European stocks ended higher after the release of euro area data and German and French inflation readings.
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