Indian shares set to open little changed as global rally comes to a halt [Reuters]
Sanofi - American Depositary Shares (SNY)
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Source: Reuters
a global rally, fuelled by optimism around likely U.S. rate cuts this year, fizzled out. The Gift Nifty was trading at 22,046.50 as of 8:08 a.m. IST, indicating that the Nifty 50 (.NSEI) , opens new tab will open near Tuesday's close of 22,004.70. Asian markets declined at the open, with the MSCI ex-Japan (.MIAPJ0000PUS) , opens new tab shedding 0.2%. Wall Street equities closed lower overnight, extending losses for the second session in a row. They logged their best week in 2024 on Friday, aided by the Federal Reserve reiterating three rate cuts this year, easing some concerns of further delays in policy easing after recent hotter-than-expected U.S. inflation data. Domestic and other Asian equities also rallied to weekly gains on Friday after the Fed commentary on March 20. India's blue-chip indexes Nifty 50 and BSE Sensex (.BSESN) , opens new tab fell about 0.5% each on Tuesday , dragged by financials and information technology stocks. Investors resorted to profit-taki
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