Indian Shares Open Higher as IT Stocks Offset US Inflation
Indian shares opened higher on Thursday driven by gains in information technology stocks. However hotter than expected US consumer price inflation capped broader market advances by fueling rate hike concerns.
Xurve View
Insights:
Xurve View
India shares opened Thursday morning with gains, led by information technology equities as the Nifty 50 rose 0.27% to 22,683.3. Gains were capped after hot inflation readings from the United States stoked expectations for another rate hike by the Federal Reserve.
