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Sensex, Nifty Seen Opening Flat Ahead Of Macro Data

Indian shares may open flat to slightly lower on Wednesday as investors await data on industrial output and inflation for directional cues.

Banks could be in focus after the Reserve Bank of India (RBI) said it would infuse Rs. 15,000 crore into the financial system through bond purchases on Thursday.

Shares of Yes Bank may come under selling pressure as Moody's Investors Service placed the bank's Ba1 foreign currency issuer rating under review for a downgrade.

Benchmark indexes Sensex and the Nifty rose around 0.4 percent on Tuesday while the rupee ended up by 21 paise at 69.44 against the dollar.

Asian markets are trading mixed as trade worries persisted and investors braced for the latest batch of economic data from China.

U.S. Commerce Secretary, Wilbur Ross said Chinese tech giants Huawei and ZTE both present national security risks to the United States but for different reasons.

The U.S. and China will eventually negotiate a trade deal, but it won't be finalized at the upcoming G-20 summit, he added.

The dollar held near an 11-week low against its peers on expectations the Federal Reserve could cut interest rates in coming months.

Oil prices fell in Asian deals as concerns about weaker demand and a rise in U.S. crude inventories overshadowed expectations of OPEC-led supply cuts.

U.S. stocks finished marginally lower overnight as the Trump administration escalated threats to hit Beijing with new tariffs and China's foreign ministry reportedly said it would respond firmly if the U.S. insisted on escalating its standoff with China.

The Dow slipped 0.1 percent to snap a six-session winning streak while the tech-heavy Nasdaq Composite and the S&P 500 ended largely unchanged with a negative bias.

European markets rose for a third consecutive session on Tuesday after Chinese authorities backed special-purpose bond issuances by local governments in a bid to spur growth.

The pan European Stoxx 600 gained 0.7 percent. The German DAX climbed 0.9 percent, France's CAC 40 index rose half a percent and the U.K.'s FTSE 100 added 0.3 percent.

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