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Indian shares poised to rebound as Fed-hike fears, oil prices ease
Indian shares were set to open higher on Monday after posting their longest weekly losing streak in 25 years, supported by easing 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, indicating a positive start for the benchmark Nifty 50 index, which closed at 22,421.95 on Thursday. Indian markets were closed on Friday for a public holiday. Both the Nifty 50 and the Sensex logged their eighth straight weekly decline last week, pressured by record foreign selling, elevated crude oil prices and a ...
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