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Indian shares look steady ahead as SGX Nifty holds ground

By Vinu Lal

02:58, 13 October 2021

Representative image of stock market charts
Indian benchmark indices to open positive – Photo: Shutterstock

Indian stocks are poised for a steady start as SGX Nifty futures index, trading on Singapore Stock Exchange is holding its ground being 0.35% up during early trades on Wednesday morning.

Asian shares, however, opened mixed following overnight Wall Street losses on worries over soaring power prices globally, coupled with anxiety over corporate earnings in an inflated price environment.

Dow fell 0.34%, S%P 500 0.24% and Nasdaq 0.14% on Tuesday. Asian indices were trading mixed with Singapore and Korea gaining marginally while Taiwan and China shares were trading with marginal losses. 

Key things to note before trade

  • Big day for results with Infosys, MindTree and Aditya Birla Money to declare their financials today
  • Zee Entertainment Enterprises alleged that its minority shareholder Invesco had proposed a merger with a local ‘strategic’ peer at an inflated valuation in February this year
  • Tata Motors to raise $1bn for electric vehicle business from private fund
  • IndusInd Bank has been authorised by the central bank to collect direct and indirect taxes on behalf of government entities.
  • Centrum Capital subsidiary firm Unity Small Finance Bank was issued a banking licence to conduct small bank business, primarily catering to marginalised sections of the society, mostly in rural areas

Read More: BofA: US corporate earnings per share to be lower in 2022

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