Indian shares expected to open higher due to falling oil prices and potential rate cuts

From Nasdaq.: 2024-08-21 22:27:25

Indian shares are expected to open higher due to falling oil prices and potential rate cuts by the Federal Reserve. Sensex and Nifty closed slightly higher on Wednesday. Asian markets are mixed ahead of Fed Chair Powell’s speech. Treasury yields dropped and the dollar hit one-year lows against the euro and sterling. Gold stayed above $2,500 per ounce while oil continued to decline. U.S. stocks saw modest gains on hopes of a rate cut in September. European stocks rose, driven by gains in the mining sector.



Read more at Nasdaq.: Sensex, Nifty Seen Opening Up As Oil Extends Slide