Indian shares expected to open flat, investors awaiting key economic policy meetings and U.S. inflation data.

From Nasdaq: 2024-12-10 21:32:24

Indian shares are set to open flat as investors await key economic policy meetings and U.S. inflation data. Sensex and Nifty closed mixed on Tuesday, while the rupee remained near record lows. Expectations of a rate cut in February monetary policy are high. Gold prices climbed amid geopolitical unrest and rate cut expectations. Israeli military conducted airstrikes in Syria following government collapse. Oil prices edged higher ahead of OPEC report, while U.S. considers stricter sanctions on Russian oil trade. U.S. stocks ended lower as investors awaited CPI report. European stocks closed lower on weak Chinese trade data.



Read more at Nasdaq: Sensex, Nifty May See Muted Start As Investors Await Key Inflation Readings