Indian shares set to rebound after sharp selloff
Indian markets expect a technical rebound after dropping to multi-year lows. Surging oil prices and new US rules on green cards for IT firms may limit gains.
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Xurve View
Indian shares are poised for a higher open on Friday, with benchmark indexes likely to stage a technical rebound after a sharp selloff pushed India's indexes into oversold territory. The overnight session followed mounting concerns over elevated crude prices, rising global bond yields, and a weaker rupee. These factors have heightened inflation worries after the Reserve Bank of India's hawkish rate increase earlier in the week.
