FX.co ★ Sensex, Nifty To Follow Asian Peers Lower

Indian shares are anticipated to open slightly lower on Wednesday due to persistent concerns regarding economic growth in the U.S. and China.

Market participants will likely respond to the U.S. presidential debate and await the forthcoming U.S. consumer price inflation data, scheduled for release later today, as well as next week's Federal Reserve policy meeting.

Despite ongoing criticisms from the opposition Congress towards SEBI Chairperson Madhabi Puri Buch and her husband, the benchmark indices Sensex and Nifty both rose approximately 0.4 percent on Tuesday. Meanwhile, the rupee depreciated by 2 paise, closing at 83.97 against the dollar.

Asian markets were broadly lower this morning, with the dollar weakening against major currencies. However, oil prices rose by about half a percent, recovering slightly after hitting their lowest levels in over a year the previous day due to demand concerns.

Gold prices edged up slightly amid the prevailing risk-averse sentiment in global financial markets.

U.S. stocks experienced fluctuation before ending mixed overnight in anticipation of the Harris-Trump debate and the release of the August CPI inflation report.

The tech-heavy Nasdaq Composite climbed 0.8 percent and the S&P 500 gained 0.5 percent, marking consecutive gains. In contrast, the Dow Jones Industrial Average dipped 0.2 percent, impacted by a decline in oil prices to near three-year lows and cautious comments from American bank executives.

European markets closed lower on Tuesday, with declines in bank and energy stocks. The pan-European STOXX 600 fell 0.5 percent, the German DAX dropped 1 percent, France's CAC 40 slid 0.2 percent, and the U.K.'s FTSE 100 decreased by 0.8 percent.