India stocks set to open higher; oil eases and Nifty review starts
GIFT Nifty at 22,834 points at 7:46 a.m. IST suggests a positive start; BSE will replace Wipro in Nifty as the semi-annual review takes effect on Wednesday.
Sept 30 (Reuters) — Indian shares were expected to open marginally higher on Wednesday as signs of recovering exports from the Middle East eased crude oil prices, even as the absence of a peace deal between the US and Iran kept investors on tenterhooks. m. 2 on Tuesday. The National Stock Exchange of India's semi-annual index review comes into effect on Wednesday, and investors will closely monitor whether the closing auction session can absorb higher inflows.
Exchange operator BSE is set to replace IT company Wipro in the Nifty as part of the review. Changes to the 50-stock index are closely watched as passive funds with about $97 billion of assets under management track the index. 8% in September, and are on course for their worst drop since March. 6% in the previous session.
O/R The yield on rate-sensitive US 2-year Treasuries fell as traders trimmed their October rate hike expectations after a Federal Reserve official said he thought the central bank has time to weigh data before deciding when to hike rates again. 04 billion) on Tuesday, marking their biggest outflow in about four months. 75 billion. com;)