Indian shares look set to open a tad higher on Monday as investors monitor oil price movements and look forward to a slew of Federal Reserve speeches this week including Fed Chair Jerome Powell for directional cues.
Asian stocks were mostly higher this morning as fears around contagion from Evergrande have receded a bit and the Bank of Japan gave no indication of a withdrawal of stimulus.
In Japan, investors are hoping for further fiscal stimulus once a new prime minister is chosen.
The dollar index edged down slightly in Asian trade while the euro held steady after Germany’s centre-left Social Democrats (SPD) edged into the lead over Chancellor Angela Merkel’s conservatives in national elections.
Oil hovered near three-year highs on signs that the crude market is tightening because of a global energy crunch.
U.S. stocks ended marginally higher on Friday while European markets closed sharply lower on concerns over the evolving situation around Evergrande.
Market Analysis
Sensex, Nifty Seen Tad Higher At Open
2021-09-27 03:02:00
