Indian shares set to open lower on Middle East tension, US rate jitters

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Key Points

BENGALURU, Oct 18 (Reuters) - Indian shares are set to open lower on Wednesday, as intensifying conflict in the Middle East and worries of a prolonged high interest rate regime after a better-than-expected U.S. retail sales data hurt sentiment...

IST compared to its overnight close, indicating that the Nifty 50 (.NSEI) will open below Tuesday's close of 19,811.50...

Wall Street equities were mixed overnight, while U.S. Treasury yields surged after U.S. retail sales data triggered concerns that the U.S. Federal Reserve will maintain higher rates for longer, in its fight to tame inflation...

Analysts said that September-quarter results, festive demand and updates on the geopolitical concerns in the Middle East will influence the trajectory of domestic equities in the near term...

Foreign institutional investors (FIIs) bought Indian shares worth 2.64 billion rupees ($31.72 million) on a net basis on Tuesday..

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