Sensex and Nifty set to open lower after Wall Street selloff, dollar at 2-year high.

From Nasdaq: 2024-12-18 21:33:37

Indian shares are set to open lower after U.S. Federal Reserve forecasts fewer rate cuts next year. Sensex and Nifty fell 0.6% with the rupee hitting a record low. Foreign investors sold Rs 1,316.81 crore, while domestic investors bought Rs 4,084.08 crore. Asian markets and U.S. Treasury yields are down, dollar index at a 2-year high, gold below $1,600 per ounce. Concerns over Trump’s policies could raise prices and keep rates higher. Oil prices fall as dollar surges. Japanese yen near one-month low against dollar. U.S. stocks tumble; Dow drops 2.6%, S&P 500 down 3%, Nasdaq falls 3.6%. European stocks mostly higher after UK and Eurozone inflation data released. STOXX 600 up 0.2%, DAX slightly lower, CAC 40 gains 0.3%, FTSE 100 edges up.



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