{"id":50995,"date":"2024-09-27T03:02:30","date_gmt":"2024-09-27T03:02:30","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/09\/27\/indian-shares-likely-to-open-higher-3\/"},"modified":"2024-09-27T03:02:30","modified_gmt":"2024-09-27T03:02:30","slug":"indian-shares-likely-to-open-higher-3","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/09\/27\/indian-shares-likely-to-open-higher-3\/","title":{"rendered":"Indian Shares Likely To Open Higher"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Slightly higher GIFT Nifty futures and overnight positive close on Wall Street indicate a higher open for Indian shares Friday morning.<\/p>\n<p>Upbeat economic data,  Micron&#8217;s strong fourth-quarter earnings, and expectations of more interest rate cuts by the Fed lifted the major averages to a positive close on Thursday.<\/p>\n<p>Asian stocks are broadly higher on Friday, tracking overnight gains on Wall Street, and on the Chinese government pledge to come out with more stimulus measures to boost the nation&#8217;s economic growth.<\/p>\n<p>Indian shares rose notably on Thursday to reach new record-high closing levels after a handful of Federal Reserve officials left the door open to another large rate cut. A sharp fall in oil prices also boosted sentiment after reports emerged that Saudi Arabia &#8211; the de facto leader of Opec &#8211; was prepared to pump more oil to regain market share.<\/p>\n<p>According to the CME FedWatch tool, the chances of a jumbo 50-bps cut in November currently remain above 60%.<\/p>\n<p>The benchmark 30-share BSE Sensex jumped 666.25 points, or 0.78%, to 85,836.12 while the broader NSE Nifty index closed at 26,216.05, up 211.90 points, or 0.81%, from its previous close. <\/p>\n<p>In corporate news, KEC International Limited announced that it has raised over Rs 870 crore through a qualified institutional placement of shares at a price of Rs 955 per share.<\/p>\n<p>Biocon Limited announced that it has signed a licensing and supply agreement with Tabuk Pharmaceutical Manufacturing Company (a fully-owned subsidiary of Astra Industrial Group), to commercialize its GLP-1 products for treating diabetes and chronic weight management, in select countries of the Middle East.<\/p>\n<p>Adani Green Energy Limited has announced the completion of the 1,150 MWac joint venture (JV) with TotalEnergies. As part of the JV, TotalEnergies invested US$ 444 million in AGEL subsidiary, for acquiring 50% stake in AGEL&#8217;s solar projects located at the world&#8217;s largest renewable energy plant in Khavda, Gujarat. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Indian Shares Likely To Open Higher<\/a><br \/>\n<br \/>2024-09-27 03:02:30<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Slightly higher GIFT Nifty futures and overnight positive close on Wall Street indicate a higher open for Indian shares Friday morning. Upbeat economic data, Micron&#8217;s strong fourth-quarter earnings, and expectations&#8230;<\/p>\n","protected":false},"author":2,"featured_media":50996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-50995","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/50995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=50995"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/50995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/50996"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=50995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=50995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=50995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}