Indian Shares Marginally Lower In Lackluster Trade

Indian equities traded subdued as uncertainty about reopening the Strait of Hormuz weighed on risk sentiment. The negative tone was partly offset by expectations that the U.S. Federal Reserve may not raise interest rates next month, but the net near-term impact appears cautious rather than decisive.

Analysis

Indian equities traded subdued as uncertainty about reopening the Strait of Hormuz weighed on risk sentiment. The negative tone was partly offset by expectations that the U.S. Federal Reserve may not raise interest rates next month, but the net near-term impact appears cautious rather than decisive.