Indian stocks look to open muted even as Asia opens strong
By Vinu Lal
02:50, 12 November 2021
Indian stocks are most likely gearing up for a muted start for Friday morning if SGX Nifty futures trading on Singapore Stock Exchange is any indication.
Even as Asian stocks were on a roll today morning across the region, SGX Nifty, the index that represents Indian stocks in Singapore stock Exchange, lost its opening gains as trading progressed, with gains narrowing down to just 0.10% before the Indian markets opened today.
Inflation worries that concern global investors are also catching up with Indian traders even as Asian stocks took cues from Wall Street's marginal gains overnight.
The US stocks closed mixed on Thursday though rising consumer prices have caused a weekly loss for the indices. Dow lost 0.4%, S&P 500 gained 0.1% and Nasdaq climbed 0.5% on Thursday.
Key things to note before trade
- Stocks to declare numbers today – Coal India, Grasim Industries, Hindalco Industries and ONGC
- Tata Steel reported a surprise jump in revenues for the quarter ended 30 September riding on its European business; earnings jumped manifold to INR125.47bn ($1.7bn) as operating margins zoomed
- Fino Payments Bank to begin trading on Friday
- Aster DM Healthcare reported a three-fold jump in earnings at INR1.27bn for the July September quarter
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