Indian Shares Seen Flat To Higher At Open

Indian shares may see a fragile, tentative recovery at the open on Wednesday following the previous session’s sell-off.

That said, a cautious undertone may prevail ahead of the U.S. Federal Reserve’s interest-rate decision later in the day, with markets pricing in a 92.4 percent chance of a 25-bps rate hike.

Benchmark indexes Sensex and Nifty fell over 1 percent each on Tuesday on concerns over rising oil and U.S. bond yields amid escalating Middle East tensions.