(RTTNews) - Indian shares are seen opening little changed on Wednesday after two consecutive heavy sell-off sessions. A cautious undertone may prevail as oil prices remain elevated and stronger U.S. inflation data reinforced bets that the Federal Reserve may have to raise interest rates next year. Benchmark indexes Sensex and Nifty plummeted by 1.9 percent and 1.8 percent, respectively on Tuesday to extend losses for a fourth consecutive session as investors fretted about the oil price surge, a weakening rupee and continued foreign fund outflows. IT sector woes and Prime Minister Narendra Modi's call for austerity also spooked markets. The rupee slipped to a record low closing at 95.62 against the dollar.
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