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Indian shares upbeat riding on global equities rally

By Vinu Lal

02:42, 19 October 2021

Representative image of a chart stocks display
Representative image of a chart stocks display - Photo: Shutterstock

Indian shares are heading for a strong opening on Tuesday riding on global equities rally across US and Asia shares. SGX Nifty futures, representing Indian stocks, trading on the Singapore stock exchange also opened morning trades with a premium and was trading up 0.45% as at 0800 hours IST. 

Stock indices on Wall Street also gained substantially overnight following spurt in earnings from large tech companies while investors await upbeat product news from Apple Inc coupled with stronger earnings expectations. Asian shares led by Hong Kong and Japan starting Tuesday morning trades in a bullish manner, while almost all other regions in the continent trading in the green.

Key things to note before you trade:

  • Dow was flat on Monday closing while S&P 500 gained 0.34% and Nasdaq another 0.84%

  • Hindustan Unilever, Nestle India and ACC are key stocks that will declare their September quarter results today

  • HCL Technologies sees strong growth coming up in products and platform businesses in the December quarter

  • Adani Ports & SEZ raised INR10bn ($130m) via privately placed debentures

  • Indian regulator approves Baring Private Equity Asia-controlled Betaine BV’s acquisition of Hinduja Global Solutions worldwide healthcare BPO services

Read More: S&P Global arm: Indian steel firms have room to hike prices

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