Indian shares set for positive start after Fed holds rates steady; elevated oil weighs

Indian shares are expected to open little changed on Thursday after the US Federal Reserve held interest rates steady, as expected, ​while elevated oil prices kept investors cautious. GIFT Nifty futures were ‌at 22,708 as of 7:35 a.m. IST, indicating a muted start for the benchmark Nifty 50, which closed at 22,698.85 on Wednesday. The Federal Reserve kept interest rates unchanged ​on Wednesday, opting to delay any changes to borrowing costs ​until after next week’s US midterm elections while it

NewsBeagle is a discovery engine. We show the headline, a short source-supplied summary and clear attribution. The complete reporting remains with the publisher.