India, May 1 -- Indian shares are likely to open lower on Thursday as investors react to mixed catalysts.
The U.S. Federal Reserve signaled potential rate cuts but warned of high inflation and uncertain path forward.
Closer home, Goods and Services Tax (GST) collections soared to a new peak of Rs 2.10 lakh crore in April, marking a 12.4 percent increase year-on-year, the Finance Ministry said in a statement.
Separately, according to data released by the Ministry of Commerce and Industry, growth in India's core sector output slowed to 5.2 percent year-on-year in March from 7.1 percent in February but was higher than March 2023 at 4.2 percent.
The International Monetary Fund (IMF) has revised its growth forecast for India upward from its ...