Indian shares set to open flat tracking pause in global rally
4 months ago

Indian shares set to open flat tracking pause in global rally

Hindustan Times  

BENGALURU - Indian shares are set to open little changed on Friday, tracking a pause in the global equities' rally ahead of the Federal Reserve Chair's address, as they await confirmation of a U.S. rate cut in September. Indian shares set to open flat tracking pause in global rally The GIFT Nifty was trading at 24,841.5, as of 08:04 a.m. IST, indicating that the NSE Nifty 50 will open near its close of 24,811.5 on Thursday. Wall Street equities closed lower overnight, as sentiment turned cautious ahead of Fed Chair Jerome Powell's speech in Jackson Hole after India market hours on Friday. STOCKS TO WATCH ** Bharat Electronics wins orders worth 6.95 billion rupees for combat management systems ** Hindalco Industries plans to spend $10 billion to expand India business and Novelis ** Zomato shuts intercity food-delivery service as it is unable to find product market fit This article was generated from an automated news agency feed without modifications to text.

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