Indian Markets to Open Subdued Ahead of Powell’s Jackson Hole Speech.
Indian equities are expected to start Friday’s session on a cautious note, mirroring mixed global cues, as investors await comments from US Federal Reserve Chair Jerome Powell at the annual Jackson Hole economic symposium.
At 8:00 AM, GIFT Nifty futures were trading 67.5 points lower at 25,054.
Across Asia, most markets were in the green. South Korea’s KOSPI gained 1.06 per cent, Japan’s Nikkei 225 inched up 0.13 per cent, and Hong Kong’s Hang Seng rose 0.33 per cent, while Australia’s ASX 200 slipped 0.11 per cent.
On Wall Street, equities closed lower overnight as traders stayed on the sidelines ahead of Powell’s address. The S&P 500 fell 0.4 per cent, the Nasdaq Composite lost 0.34 per cent, and the Dow Jones Industrial Average slipped 0.34 per cent.
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