Indian Shares Track Global Rally Amid Hopes of Peaked U.S. Interest Rates

Shares set to open higher following Wall Street's positive close, despite Monday's losses in auto and financial stocks.

Indian shares are set to open higher on Tuesday, tracking a global stock rally, with expectations that U.S. interest rates have peaked.
Wall Street equities closed higher, with Nasdaq and S&P 500 settling at their highest levels in more than three months, amid hopes that the U.S. Federal Reserve will not hike interest rates further in this rate hike cycle.
Indian shares closed lower on Monday, weighed by losses in auto stocks after a rally last week, along with selling in financial stocks.
Indian shares were subdued on Monday, weighed by losses in banking and financial stocks as investors assessed the impact of the central bank's tighter rules for personal loans on lenders.
Indian shares are set to open on a slightly muted note on Monday, with a focus on the global interest rate outlook after a more than 3% rally so far this month.