Indian shares set to open flat on concerns around China economy, US rates

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Key Points

BENGALURU, Aug 22 (Reuters) - Indian shares are set for a muted open on Tuesday, on risk aversion due to persistent concerns over the health of China's economy and U.S. interest rates...

The Nifty 50 (.NSEI) and Sensex (.BSESN) rose on Monday, as a rebound in information technology (IT) and financial stocks outweighed a slide in Reliance Industries following spin-off Jio Financial's weak market debut...

Asian markets gained marginally on Tuesday after declining in the previous session, after China issued a smaller-than-expected cut to key lending rates, triggering concerns over deflation and economic recovery...

Investors now await comments from U.S. Federal Reserve Chair Jerome Powell on Friday at a meeting of central bankers at Jackson Hole in Wyoming, for clues on policy tightening by the U.S. central bank...

Foreign institutional investors sold Indian shares on a net basis on Monday, offloading 19.01 billion rupees ($228.8 million), while domestic institutional investors bought shares worth 6.26 billion rupees, according to provisional National Stock Exchange data...

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