Indian shares set to open slightly higher; earnings in focus
Oct 17 (Reuters) -Indian shares are likely to open marginally higher on Thursday, with investors awaiting a raft of blue-chip earnings for fresh triggers amid foreign fund outflows.
The Gift Nifty GIFc1 was trading at 25,033, as of 07:44 a.m. IST, indicating that the benchmark Nifty 50 .NSEI will open slightly above Wednesday's closing levels of 24,971.30.
The Nifty 50 and the S&P BSE Sensex .BSESN ended lower for a second straight session on Wednesday.
Rich local valuations, foreign funds flowing into China after Beijing's stimulus announcements and disappointing earnings of blue-chip companies like IT major TCS TCS.NS and oil-focussed conglomerate Reliance Industries RELI.NS have pressured investor sentiment.
Investors will now eye earnings of Nifty 50 members such as Infosys INFY.NS, Wipro WIPR.NS, Axis Bank AXBK.NS and Nestle India NEST.NS, all due later in the day.
The Nifty 50 has declined about 5% from a record high hit in the last week of September, when China unveiled its most aggressive measures since the pandemic. Foreign investors have pulled out $8.1 billion from domestic equities so far in October, the highest since March 2020.
Foreign institutional investors were net sellers for the thirteenth straight session on Wednesday, offloading a net 34.36 billion rupees ($409 million) worth of stocks.
On the day, Asian peers outside Japan .MIAPJ0000PUS rose on expectations of China announcing support measures for its ailing property sector. Overnight, Wall Street equities closed higher. MKTS/GLOB
Meanwhile, Hyundai Motor India's HYUN.NS record $3.3 billion initial public offering was subscribed 42% on its second day of bidding. The share sale closes on Thursday.
STOCKS TO WATCH:
Bajaj Auto BAJA.NS: Two-wheeler maker posted higher September-quarter profit helped by a jump in motorcycle sales.
UltraTech Cement ULTC.NS: Cement maker commissions additional capacity at its Tamil Nadu unit.
Bharti Airtel BRTI.NS: Telecom firm is in talks with Nokia NOKIA.HE for multi-billion dollar 5G contract, Reuters reported exclusively.
($1 = 84.0150 Indian rupees)
Reporting by Hritam Mukherjee in Bengaluru; Editing by Rashmi Aich
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
