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Indian stocks look firm even as Asia open mixed

By Vinu Lal

02:58, 18 October 2021

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

Indian stock indices are looking positive on Monday morning if early trends from SGX Nifty futures trading on the Singapore stock exchange is any indication. SGX Nifty was up 0.40% during early trades riding on Friday gains from Wall Street even as Asian shares opened mixed fretting over Chinese economic data.

US stocks rose on Friday and Dow posted its second highest weekly gain since June as Goldman Sachs sounded out strong earnings growth for big banks. Asian shares, however, opened Monday morning trades with concerns over lower growth in the world's second largest economy during the third quarter. Taiwan, Australia shares were looking up though Japan, Hong Kong and Chinese shares were negative.

Key things to note before you trade:

  • Dow rose 1.1% on Friday, S&P 500 0.7% and Nasdaq 0.5%

  • UltraTech Cement and Larsen & Toubro Infotech, key stocks to declare their financial results today

  • HDFC Bank reported an 18% rise in earnings for the second quarter ended September.

  • Metropolis Healthcare to acquire local peer for INR6.36bn ($85m)

  • Reliance Industries’ lifestyle arm Reliance Brands will pick up 40% interest in MM Styles, a local designer firm

  • Retail chain Avenue Supermarts posted twofold rise in earnings for the second quarter

Read More: US consumers are shopping again, retail sales pop in September

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