Indian shares edge higher amid oil and Fed caution
Indian shares rose slightly in early trade on Wednesday after a recent selloff. Elevated crude oil prices and caution ahead of the US Federal Reserve decision limited market gains.
Xurve View
Insights:
Xurve View
India shares rose 0.4% during Wednesday morning trade, paring opening gains as higher commodity costs and FOMC caution weighed. Benchmarks outperformed regional peers despite broader market weakness driven by profit booking in smaller equities. Investors are weighing global supply pressures ahead of the United States central bank decision.
