Indian shares set to open higher ahead of Fed decision

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Key Points

BENGALURU, July 26 (Reuters) - Indian shares are set to open marginally higher on Wednesday, ahead of the U.S. Federal Reserve's monetary policy decision and key corporate earnings...

Wall Street equities closed higher overnight, ahead of an expected 25 basis-point rate hike by the Fed later in the day and strong corporate earnings from Google owner Alphabet (GOOGL.O) and Microsoft (MSFT.O)..

Asian markets remained subdued in the run-up to the Fed decision...

"We expect caution to prevail in markets ahead of the Fed rate decision," said Siddharth Khemka, head of retail research at Motilal Oswal Financial Services...

Foreign institutional investors bought 10.89 billion rupees ($132.98 million) of Indian equities on a net basis on Tuesday, while domestic investors sold 3.34 billion rupees of shares, as per provisional NSE data...

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