Indian Shares Set To Follow Asian Peers Higher

Group 1 - Indian shares are expected to open positively, influenced by strong cues from other Asian markets and optimism regarding potential Federal Reserve rate cuts and Nvidia AI chip sales to China [1] - A potential U.S.-India trade deal and portfolio outflows may provide support ahead of key economic data releases, including fiscal deficit, industrial output, and GDP growth for July-September [2] - Canada and India have agreed to restart stalled trade deal negotiations, marking a significant diplomatic breakthrough [2] Group 2 - Asian markets experienced gains, with Japan closed for a holiday, while oil prices continued to decline due to concerns over increased crude flows from a potential Ukraine-Russia peace deal [3] - Gold prices fell to approximately $4,050 per ounce as investors await U.S. economic data for clearer insights into the Federal Reserve's policy outlook [4] - U.S. stocks saw a rally on Friday, with the Dow up 1.1%, Nasdaq Composite up 0.9%, and S&P 500 up 1%, despite concerns over a potential bubble in AI stocks [5] - Improved consumer sentiment and decreasing inflation expectations were welcomed by investors, while European stocks fell due to weak regional economic data [6]