Indian shares set for flat open on weak global cues; Fed minutes eyed

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Key Points

BENGALURU, July 5 (Reuters) - Indian shares are set to open little changed on Wednesday amid caution due to concerns of escalating trade conflict between the U.S. and China, and as investors await the U.S. Federal Reserve's June monetary policy meeting minutes...

The blue-chip Nifty 50 (.NSEI) and Sensex (.BSESN) indexes closed at fresh highs for the fourth session in a row on Tuesday, aided by gains in financials...

The rally has extended to broader markets as well, with the midcaps (.NIFMDCP100) and smallcaps (.NIFSMCP100) hovering near record and 52-week highs, respectively...

"Rising domestic demand and sector-specific recovery are more than offsetting negatives including tough global economic conditions and higher policy and borrowing rates," analysts at S&P Global Ratings wrote in a note on Tuesday...

Foreign institutional investors bought 21.34 billion rupees ($260.2 million) of Indian equities on a net basis on Tuesday, while domestic investors sold 7.85 billion rupees of shares, as per provisional NSE data...

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