Indian shares likely to rise, influenced by global cues, easing U.S. shutdown concerns.

From Nasdaq: 2024-12-22 21:30:49

Indian shares are expected to open higher after a week of losses, influenced by global cues and easing U.S. government shutdown concerns. U.S. stocks saw gains on Friday due to softer inflation data, with the Dow surging 1.2%. Asian markets followed Wall Street’s lead. European stocks ended lower on Friday amid political uncertainty. The annual PCE inflation rate rose to 2.4%, below market expectations. Chicago Fed President remains hopeful about the economy. Indian markets will be closed on December 25 for Christmas. Trading sentiment will be influenced by global trends, dollar and oil price movements, and foreign investors’ activity.



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