Forex
Indian Markets Set for Flat Start Amid Easing US Inflation Fears
The Indian markets are expected to open flat-to-negative on Tuesday, according to the GIFT Nifty index. This is despite Asian equities rising as concerns over US inflation ease.
The Sensex and Nifty indices may face a weak start due to the GIFT Nifty's signal. The latter measures the performance of the Indian financial markets.
Asian markets, including those in China and Japan, have been rising in response to lower US inflation data. This has also led to an increase in crude oil prices due to heightened tensions between the US and Iran.