Indian shares are expected to open flat after U.S. job market data showed sluggish growth. Energy stocks may be impacted by plummeting crude oil prices. Sensex and Nifty fell by 0.6 percent on Tuesday due to a weakening rupee and foreign outflows. The Indian rupee hit 91-per-dollar before settling at 90.93. FIIs sold shares worth Rs 2,382 crore, while domestic investors bought shares worth Rs 1,077 crore. Asian markets are lower, with gold prices surging above $4,300 per ounce. Oil prices are up over 1 percent after falling to five-year lows.
U.S. stocks ended mixed after job and retail sales data release. The economy shed 105,000 jobs in October, with unemployment at 4.6 percent. However, 64,000 jobs were added in November, beating forecasts. Rising unemployment pressures the Fed to consider rate cuts. U.S. business activity slowed, and retail sales were flat in October. Nasdaq edged up by 0.2 percent, while S&P 500 and Dow dropped. European stocks closed lower as Eurozone economic recovery weakened. Stoxx 600 fell by 0.5 percent, with DAX, CAC 40, and FTSE 100 also declining.
Read more at Nasdaq: Indian Shares Set For Lackluster Open On Muted Global Cues
