Indian shares set to open lower on oil spike, hawkish Fed; HDFC Bank in focus

Indian shares are likely to open sharply lower due to Brent crude rising over $110 and a hawkish US Fed stance.

Source: Reuters (via feed)




Indian shares are set to open sharply lower on Thursday. Brent crude rose above $110 a barrel. This rise followed a fresh escalation in the Iran war. The U.S. Federal Reserve adopted a hawkish stance. It cited persistent inflation pressures. The Fed’s comments added to growth worries.

BizTrendWire Insight:

Oil price increases and central bank inflation warnings affect market opening trends.


Read full story on Reuters

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