💨 Abstract

India's Nifty 50 is expected to open marginally higher on Thursday, following a drop into correction territory in the previous session. The rise in U.S. inflation data boosted expectations of a Federal Reserve rate cut in December. However, domestic inflation and corporate earnings concerns, along with foreign outflows, led to a 1.3% drop in the Nifty and BSE Sensex in the last session.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖