Indian Shares Poised for Rebound as Fed Fears and Oil Prices Ease
Indian shares are expected to open higher on Monday, snapping a 25-year weekly losing streak. The rebound is supported by decreased concerns over aggressive US monetary tightening and a pullback in oil prices. GIFT Nifty futures were trading at 22,639 points as of 7:57 a.m. IST.
Indian shares were set to open higher on Monday after logging their longest weekly losing streak in 25 years, helped by easing worries over aggressive US monetary tightening and a pullback in oil prices. m. IST, indicating a firmer start.