Oddbean

Indian shares set to open higher on US rate-cut euphoria ========== Indian shares are expected to open higher on September 20, 2024, following a significant interest rate cut by the US Federal Reserve, which has increased global risk appetite. The GIFT Nifty was at 25,523 points at 07:55 a.m. IST, indicating a slight rise from Thursday's close of 25,415.8. Other Asian markets also opened higher, except for China, where the CSI 300 fell by 0.3%. Wall Street saw the S&P 500 reach a record high. Analysts Seshadri Sen and Arthkumar Gandhi from Emkay Global noted that foreign inflows into India could increase due to the Fed's easing cycle. Axis Bank's investment banking unit, Axis Capital, was barred from acting as a merchant banker for new debt issues due to regulatory violations, although it maintains compliance in other segments. #IndianShares #UsFederalReserve #RateCut #StockMarket #AxisBank #GlobalMarkets #MsciAsia #EconomicOutlook #ForeignInflows #InvestmentBanking https://www.brecorder.com/news/40323180/indian-shares-set-to-open-higher-on-us-rate-cut-euphoria