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

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

More From Author

Indian rupee under pressure in NDF after oil rally intensifies

Leave a Reply

Your email address will not be published. Required fields are marked *