Indian shares seen opening lower on U.S. recession fears, hawkish Fed
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Indian stocks were set to open lower on Thursday after weak U.S. economic data heightened recession worries, while persistent hawkish comments from U.S. Federal Reserve officials also added to aversion for risky assets.
India's NSE stock futures listed on the Singapore exchange were down 0.53% at 18,125, as of 8:17 a.m. IST.
U.S. data showed retail sales fell by the most in a year in December, while manufacturing output recorded its biggest drop in nearly two years.
Fed policymakers on Wednesday signalled they will push on with more interest rate hikes, even as inflation shows signs of having peaked and economic activity is slowing.
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