Indian shares expected to open higher as trade war fears ease and oil prices fall

From Nasdaq: 2025-02-05 21:31:27

Indian shares are expected to open higher on Thursday as trade war fears ease and oil prices fall due to demand concerns. The Sensex and Nifty closed slightly lower on Wednesday after rallying the previous day. The Indian rupee hit a record low against the dollar before recovering. FIIs turned net sellers again on Wednesday after a brief buying spree on Tuesday. Asian markets are up, while the U.S. dollar falls to an eight-week low against the yen. Gold stabilizes near record highs, and oil prices tick up slightly.

U.S. stocks ended slightly higher on Wednesday, with the Dow climbing 0.7 percent. European stocks rose for a second consecutive day on positive earnings results. Data shows private sector employment increased in January, while U.S. services sector activity eased. The U.S. trade deficit widened sharply in December. The dollar weakened, and Treasury yields dropped to mid-December lows.



Read more at Nasdaq: Sensex, Nifty Seen Higher At Open; RBI Meeting Eyed