Indian shares expected to open higher after positive performance on Wall Street

From Nasdaq MarketSite: 2024-12-25 21:40:33

Indian shares are poised to open higher after the U.S. kicked off the Santa Claus rally. Sensex and Nifty may see range-bound moves after rebounding from the worst week in 30 months. Foreign institutional investors sold shares worth Rs. 2,454 crores, while domestic financial institutions bought shares worth Rs. 2,819 crores. The rupee hit a new low at Rs 85.20 per dollar. Asian markets were mixed, with Japan’s Nikkei rising and Chinese stocks falling. Wall Street closed higher, with the Dow rising 0.9% and Nasdaq gaining 1.4%. European stocks saw modest gains in light pre-holiday trading.



Read more at Nasdaq MarketSite: Sensex, Nifty Seen Opening Up On Wall Street Cues