Branch2 Intelligence
Indian shares to open higher on easing Fed rate-hike bets
Key takeaway
Easing Fed rate hike expectations boost Indian equity sentiment via GIFT Nifty futures.
- Step 11st-order: Easing Fed rate hike expectations lower US Treasury yields and the dollar index.
- Step 22nd-order: Reduced US yields narrow the interest rate differential, making Indian equities more attractive to FIIs.
- Step 33rd-order: FII inflows into Indian markets strengthen the rupee and improve domestic liquidity, boosting equity valuations.
Source: IN:The Hindu BusinessLine
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