Indian stocks set to gain on Fed boost after logging worst single-day fall

Indian shares were set to follow Asian peers higher on Tuesday after their worst single-day fall in history, as sentiment improved after the U.S. Federal Reserve pledged to spend as much as needed to steady the financial system.

India's NSE stock futures listed on the Singapore Exchange were 5.87% higher by 0300 GMT.

On Monday, the blue-chip NSE Nifty 50 index and the S&P BSE Sensex crashed 12.98% and 13.15%, respectively, their biggest plunges on record. The rupee hit a fresh record low against the dollar.
 

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