google-play

Scan to Download iOS&Android APP


Indian stocks see red ahead as Asia fumbles

02:30, 17 November 2021

Share this article

What You Need to Know

The week ahead update on major market events in your inbox every week. Subscribe
Graphic illustration of a fluctuating stock market
Graphic illustration of a fluctuating stock market - Photo: Shutterstock

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

Read more: Hot US economy shows surprise retail, manufacturing gains

What You Need to Know

The week ahead update on major market events in your inbox every week. Subscribe
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?


Join the 450.000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account

2. Make your first deposit

3. You’re all set. Start trading