Sensex, Nifty Set For Muted Open
From Nasdaq: 2025-02-11 21:33:49
Indian shares are expected to open positively despite concerns over foreign fund outflows and geopolitical tensions in the Middle East. Israel increased troops in Gaza after Hamas delayed a hostage release. Benchmark indexes Sensex and Nifty fell 1.3% on Tuesday due to fears of trade wars and inflation. The rupee rallied against the dollar, but remains Asia’s worst-performing currency this year. Asian markets were mixed, reacting to Fed Chair Powell’s cautious comments on interest rates. Oil edged lower after U.S. sanctions disrupted Russian crude supplies. U.S. stocks closed mixed as bond yields rose on Powell’s patient approach to rate cuts. European stocks hit a record high as the EU promised countermeasures against Trump’s metal tariffs.
Read more at Nasdaq: Sensex, Nifty Set For Muted Open