{"id":8132,"date":"2021-03-18T02:56:48","date_gmt":"2021-03-18T02:56:48","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/03\/18\/indian-shares-seen-higher-on-dovish-fed\/"},"modified":"2021-03-18T02:56:48","modified_gmt":"2021-03-18T02:56:48","slug":"indian-shares-seen-higher-on-dovish-fed","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/03\/18\/indian-shares-seen-higher-on-dovish-fed\/","title":{"rendered":"Indian Shares Seen Higher On Dovish Fed"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares look set to open higher on Thursday as U.S. Treasury yields eased and Fed Chairman Jerome Powell stuck to his dovish tone at the end of a two-day policy meeting.<\/p>\n<p>Investors will also remain focused on the Covid-19 situation in the country after the government confirmed that India is headed for a second peak of <span class=\"landLinks\">coronavirus<\/span>. <\/p>\n<p>35,886 patients tested positive for the virus on Wednesday, marking the highest Covid-19 tally in 102 days. <\/p>\n<p>Benchmark indexes Sensex and the Nifty fell over 1 percent on Wednesday while the rupee ended flat at 72.55 against the U.S. dollar. <\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> remain broadly higher this morning and gold gained ground while the dollar held losses against its peers ahead of Bank of England rate decision later today. Oil steadied below $65 a barrel after a four-day slide.<\/p>\n<p>U.S. stocks rose overnight and yields on longer-maturity U.S. debt retreated from more than one-year high after the Federal Reserve forecast stronger economic growth and higher inflation this year but indicated it expects to keep interest rates at near-zero levels through 2023.<\/p>\n<p>The central bank also reiterated its plans to continue purchasing bonds at a rate of at least $120 billion per month until &#8220;substantial further progress&#8221; has been made toward its policy goals.<\/p>\n<p>The Dow rose 0.6 percent and the S&amp;P 500 added 0.3 percent to reach new record closing highs while the tech-heavy Nasdaq Composite index edged up 0.4 percent. <\/p>\n<p>European stocks closed lower on Wednesday, with chip stocks seeing some pressure after a Samsung Electronics executive warned of problems with global shortages. <\/p>\n<p>The pan European Stoxx 600 slid half a percent. France&#8217;s CAC 40 index closed nearly unchanged and the U.K.&#8217;s FTSE 100 dropped 0.6 percent while the German DAX rose 0.3 percent. <\/p>\n<\/p>\n<\/div><\/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 Seen Higher On Dovish Fed<\/a><br \/>\n<br \/>2021-03-18 02:56:48<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares look set to open higher on Thursday as U.S. Treasury yields eased and Fed Chairman Jerome Powell stuck to his dovish tone at the end of a two-day&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8133,"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-8132","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8132","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=8132"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/8133"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=8132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=8132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=8132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}