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Indian shares rally as oil and Fed worries fade

Original: Financials, IT lift Indian shares as oil, Fed fears ease

Indian stock markets rose, driven by gains in financial and IT stocks, as two major sources of investor anxiety eased: oil prices stabilised and fears surrounding US Federal Reserve policy softened. With lower oil prices reducing inflation concerns for India, a major crude importer, and expectations around Fed rate decisions calming, investors returned to key sectors. Financials and information technology led the advance.

Why now: Investors are reacting to improved market conditions in India as oil price and Federal Reserve concerns recede.

IndiaFederal ReserveIndian stock marketFinancial sectorIT sector

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Evidence

• Financials, IT lift Indian shares as oil, Fed fears ease · Reuters

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