Indian shares set to open higher, tracking Asian peers
Live MintDec 3 - Indian shares are set to open higher on Tuesday, tracking other Asian peers, with comments from key U.S. Federal Reserve officials driving expectations of a 25 basis-point rate cut later in the month. The benchmark indexes Nifty 50 and BSE Sensex climbed on Monday, led by gains in heavyweights such as Reliance Industries, as the recent decline presented "attractive buying opportunities". The S&P 500 and Nasdaq Composite hit record highs, after comments from Fed Governor Christopher Waller hinted at a 25 basis-point rate cut in the central bank's policy decision later in the month. Indian information technology companies, which earn a significant amount of revenue from the U.S., will be in focus after data showed improving manufacturing activity in the world's largest economy.