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Indian shares seen opening higher; HDFC Bank in focus
Indian shares are expected to open higher on Tuesday, after five consecutive weekly losses, although higher oil prices and global bond yields ahead of this week’s Federal Reserve meeting could keep any optimism in check. HDFC Bank, the country’s top private lender and a heavyweight on the benchmark Nifty, will be in focus after it sent names of two candidates to the Reserve Bank of India for the role of CEO, formally starting the succession process for Sashidhar Jagdishan, who is due to retire later this year. GIFT Nifty futures were trading around 23,525.5 points as of 7:49 a.m. IST, indic...
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