Indian stock indices are heading for a cautious opening on Wednesday morning as Asian stocks opened morning trades with losses across the region except Taiwan. Technology stocks in the US reported less-than-expected corporate earnings that led to investors turning cautious across the Asia-Pacific region.
SGX Nifty futures, that represents Indian stocks, were trading down 0.20% on Wednesday morning trades echoing similar sentiments across the region. Consumer stocks, however, helped Wall Street indices post with marginal gains as Walmart forecast a strong holiday quarter and monthly retails sales beating analysts expectations.
Things to note before you trade:
Dow was up 0.15%, S&P 500 0.39% on Tuesday
Go Fashion initial public offering (IPO) to open for subscription today after its pre-IPO placement yesterday
Home First Finance Co to raise fresh funds via bonds
PVR expects March 2022 quarter to be the ‘biggest’ in terms of revenues as pandemic restrictions eases
State-owned ONGC will initiate divisions within the company that can induct private partners/investors