Indian shares seen opening higher after earnings-led rebound; higher oil to cap gains
New Delhi, Oct. 30 -- Indian shares are set to open marginally higher on Friday, after upbeat earnings aided a rebound in the previous session, though higher crude oil prices are likely to limit follow-through gains.
GIFT Nifty futures were at 22,981 as of 7:42 a.m. IST, indicating a positive start for the benchmark Nifty 50, which closed at 22,936.75 on Thursday.
Both the benchmarks Nifty and BSE Sensex gained over 1% each in the previous session, after strong quarterly results from key constituents and as the US Federal Reserve held interest rates steady as expected.
They have gained about 1.4% and 2.3%, respectively, in October, on course to snap a two-month selling streak, with sentiment finding some support from expectations of a ...
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