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Indian stock markets set for a bounce after Fed rate cut
Business
Indian stocks are likely to open higher on Thursday, breaking a three-day losing streak.
The boost comes after the US Federal Reserve cut interest rates by 0.25%, which has already lifted Wall Street and Asian markets.
Gift Nifty futures hint that the Nifty 50 could start above its last close of 25,758 points.
Foreign investors still cautious despite positive signals
While the Fed's move makes India more attractive for global investors, foreign portfolio investors have been selling off Indian stocks—$1.56 billion worth just in December, up sharply from November.
Analysts say any real recovery will depend on how companies perform this quarter and what happens with India-US trade talks.
So even with today's optimism, market watchers are keeping an eye on those big investment flows.