Indian shares are set to open little changed on Monday after hitting record highs on Friday on the hopes of the U.S. Federal Reserve pausing its rate hiking cycle, while weak China data remained an overhang.
The rise in IT firms, which earn a significant share of their revenue from the United States and Europe, came after the U.S. inflation"The market seems to be flooded with strong foreign institutional inflows, and with the U.S.
inflation moderating, investors are hoping for a rate hike pause by the Federal Reserve," said Amol Athawale, vice president for technical research at Kotak Securities.showed that China's GDP growth in June quarter grew at a lower-than-expected rate.
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