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☆ Indian shares set to open higher; inflation slows
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Jan 13 (Reuters) - Indian shares are set to open higher on Friday after data showed domestic and U.S. inflation eased last month, boosting expectations that central banks could slow the pace of interest rate hikes. In other Asian equities, the MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.8% at a seven-month high. STOCKS TO WATCH** Wipro Ltd (WIPR.NS): Co set to report quarterly results later in the day. ** Infosys (INFY.NS): Co raises annual revenue outlook after reporting better-than-expected quarterly profit in third quarter. ($1 = 81.1100 Indian rupees)Reporting by Rama Venkat and Bharath Rajeswaran in Bengaluru;Our Standards: The Thomson Reuters Trust Principles.

☆ Indian shares seen opening flat; Powell's speech, earnings eyed
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Jan 10 (Reuters) - Indian shares were set for a muted opening on Tuesday, tracking global moves as investors weighed expectations of less aggressive Fed rate hikes against inflation and corporate earnings performance. India's NSE stock futures listed on the Singapore exchange were down 0.12% at 18,150.50, as of 7:42 a.m. IST on Tuesday. Domestic investors bought 17.24 billion rupees worth of shares, as per provisional NSE data. STOCKS TO WATCH** TCS (TCS.NS): Co's third quarter net profit missed estimates, flags challenges in Europe as clients tighten spending. ($1 = 82.1700 Indian rupees)Reporting by Rama Venkat and Bharath Rajeswaran in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

☆ Indian shares set to open higher to track Asia; Q3 results eyed
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +2 min

At home, IT major Tata Consultancy Services (TCS.NS) was set to report third quarter results after market close. Analysts expect weak Q3 revenue growth for IT services firms, on the back of deteriorating macroeconomic conditions and furloughs in the quarter. Domestic investors bought 10.83 billion rupees worth of shares, as per provisional NSE data. ** Titan Company (TITN.NS): Co reported 12% YoY growth in combined sales in third quarter, driven by festive season. ** Tata Steel (TISC.NS): Company's India crude steel production stood at 5 million tonnes in third quarter, up 4% YoY.

☆ Indian shares eye muted start to 2023 on weak cues, oil rise
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Jan 2 (Reuters) - Indian shares were set to kick-start 2023 on a muted note due to higher oil prices and a surge in COVID-19 cases in China. Oil prices rose on year-end holiday travel. Higher oil prices hurt oil-importing countries like India, where crude constitutes the bulk of the country's import bill. ** HG Infra Engineering (HGIN.NS): Co declared as L-1 bidder by Delhi Metro Rail Corporation for project worth 4.12 bln rupees. ($1 = 82.7170 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; editing by Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

☆ Indian markets may see FPI revival after worst-ever selloff in 2022- analysts
▼ + stars: | 2022-12-30 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

BENGALURU, Dec 29 (Reuters) - Foreign investors' selloff in Indian equities was the biggest on record in 2022, dragging the benchmark indexes to their smallest annual gain in four years, but analysts expect purchases by cross-border investors to rebound next year. Foreign portfolio investors (FPIs) sold 1,219.08 billion rupees ($14.73 billion) worth of Indian equities in 2022, till Dec. 29, the biggest selloff in Indian shares in a year since 1993, when data became available. Reuters Graphics Reuters GraphicsThe second-worst FPI selloff was in 2008 at 529.87 billion rupees ($6.40 billion), which triggered a 51.79% fall on the Nifty 50 (.NSEI). Foreign funds purchased around 958.78 billion rupees worth of stocks in the second half of 2022, after being net sellers of shares worth 2,173.58 billion rupees in the first half. Reuters GraphicsDOMESTIC INVESTORS WEIGH INMeanwhile, domestic institutional investors net bought equities worth 2,734.60 billion rupees in 2022, their best year since data became available in 2008, according to National Stock Exchange.

☆ Indian shares rise in final session of 2022; IT, metals up
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Francis MascarenhasBENGALURU, Dec 30 (Reuters) - Indian shares opened higher on Friday in the final session of 2022, aided by an uptick in IT stocks, tracking gains in global equities. The Nifty 50 index (.NSEI) was up 0.32% at 18,248.85, as of 09:55 a.m. IST, and the S&P BSE Sensex (.BSESN) rose 0.32% to 61,328.04. Oil prices, which slid on concerns over demand recovery in China, also aided gains in domestic equities. Forty-three of the Nifty 50 constituents rose with Tata Steel (TISC.NS), Bajaj Finserv (BJFS.NS), Tech Mahindra (TEML.NS) gaining over 1%. ($1 = 82.7580 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Krishna Chandra Eluri and Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ Indian shares fall as China COVID surge dampens sentiment
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 29 (Reuters) - Indian shares fell on Thursday, dragged by broad-based declines, as a surge in COVID cases in China dampened optimism generated by the reopening of the world's second-largest economy. The Nifty 50 index (.NSEI) was down 0.58% at 18,017.85, as of 11:27 a.m. IST, and the S&P BSE Sensex (.BSESN) fell 0.54% to 60,578.03. Forty-five of the Nifty 50 constituents fell, with Tata Consumer (TACN.NS), Tata Motors (TAMO.NS), Grasim (GRAS.NS), Ultratech Cement (ULTC.NS), HDFC (HDFC.NS) and Hindalco Industries (HALC.NS) losing over 1.25%. Several countries, including the United States and India, have made COVID tests mandatory for travellers from China. The stock was the top gainer in Nifty 50 index.

☆ Indian shares flat in choppy trade as liquidity dries up
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 28 (Reuters) - Indian shares swung between small gains and losses on Wednesday in the absence of major triggers, with liquidity drying up ahead of the year-end and weaker global cues. Foreign institutional investors had sold net 43.2 billion rupees since Dec. 16, as per National Stock Exchange data. Adding to the worries for domestic equities were oil prices, which hovered around a three-week high on hopes of demand recovery in China. Higher oil prices hurt oil-importing countries like India, where crude constitutes the bulk of the country's import bill. Twenty-six of the Nifty 50 stocks logged losses, with Bharti Airtel (BRTI.NS), Bajaj Finserv (BJFS.NS), ONGC (ONGC.NS), Infosys (INFY.NS) and Bajaj Auto (BAJA.NS) losing over 0.6%.

☆ Indian shares rise as China further eases COVID curbs
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +1 min

The Nifty 50 index (.NSEI) was up 0.46% at 18,097.45, as of 09:17 a.m. IST, and the S&P BSE Sensex (.BSESN) rose 0.47% to 60,850.63. Capping the gains in domestic equities are oil prices, which rose in thin trade on fears of supply disruption due to winter storms across the United States. Brent crude <LCOc1) rose above $84 per barrel while Nymex crude jumped above $80 per barrel. Higher oil prices hurt oil-importing countries like India, where crude constitutes the bulk of the country's import bill. ($1 = 82.6500 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Janane Venkatraman and Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

☆ Indian shares snap four-day losing run in low-volume session
▼ + stars: | 2022-12-26 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 26 (Reuters) - Indian shares rose for the first time in five days in a low-volume session on Monday, with the rebound helped by mixed U.S. data that bolstered bets of smaller interest rate hikes by the Federal Reserve. The Nifty 50 index (.NSEI) was up 1.08% at 17,999.85 by midday, and the S&P BSE Sensex (.BSESN) gained 1.08% to 60,494.09. The Nifty fell 3.3% in the previous four sessions and dropped below the psychologically key 18,0000 mark on Friday. Banking stocks also rose with (.NSEBANK) and (.NIFTYPSU) rising over 1% and 3% respectively. Index heavyweight Larsen and Toubro (LART.NS) advanced 1.95% after bagging orders worth 10 billion rupees and 25 billion rupees.

☆ Indian shares snap four-day losing streak; Nifty 50 back above 18,000
▼ + stars: | 2022-12-26 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 26 (Reuters) - Indian shares rose for the first time in five days in a low-volume session on Monday, with the benchmark Nifty 50 reclaiming the key 18,000 level, as risk assets were boosted after mixed U.S. data bolstered bets of smaller Federal Reserve rate hikes. The Nifty 50 index (.NSEI) closed 1.17% higher at 18,014.60, and the S&P BSE Sensex (.BSESN) gained 1.20% to 60,566.42, marking their biggest daily gain since Nov. 24. The Nifty fell 3.3% in the previous four sessions, slipping below the psychologically key 18,000 mark on Friday. Forty of the Nifty 50 constituents advanced, as did most of the major sectoral indexes. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Savio D'Souza and Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

☆ Indian shares open lower on Fed rate hike fears, China COVID-19 woes
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Dec 23 (Reuters) - Indian shares opened lower in broad-based declines on Friday after robust U.S. economic data revived concerns over higher interest rates, while a surge in COVID-19 infections in China also dampened risk appetite. The Nifty 50 index (.NSEI) was down 0.78% at 17,988 as of 9:30 a.m. IST, dropping below the 18,000 mark for the first time since Nov. 10. Reuters GraphicsChina is expecting a peak in COVID-19 infections within a week, a health official said, sparking concerns across the world. The one exception was the pharma index, <.NIPHARM>, which rose 1.36% on news that India is ready to step up exports of fever medicines to China. Asian markets also declined after the slide in U.S. shares, with the MSCI Asia ex Japan (.MIAPJ0000PUS) falling 0.94%.

☆ Indian shares slip on COVID-19, inflation worries
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 22 (Reuters) - Indian shares slipped on Thursday, with declines seen across most sectors after monetary policy minutes revealed strong concerns about elevated inflation, while fears about rising COVID-19 cases in China weighed on sentiment. India's health minister on Wednesday said the pandemic was "not over yet" given "the rising cases of COVID-19 in some countries". Asian markets also advanced after the bounce in U.S. shares, with the MSCI Asia ex Japan (.MIAPJ0000PUS) rising 1.49%. India's retail inflation eased below the RBI's upper tolerance limit of 6% for the first time in 2022 in November, but core inflation stayed above 6%. Khemka also said the remarks from the RBI minutes were "consistent with the central bank's adherence to tackling inflation".

☆ Indian shares dip on weak global cues; autos, FMCG stocks slide
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Dec 20 (Reuters) - Indian shares opened lower on Tuesday on fears of a recession in the U.S. and a surge in COVID-19 cases in China, which has offset optimism over loosening strict pandemic restrictions. Barring Adani Enterprises (ADEL.NS) and State Bank of India (SBI.NS), all the other 48 constituents in Nifty 50 logged losses. All the major sectoral indices declined with auto (.NIFTYAUTO), FMCG (.NIFTYFMCG), information technology (.NIFTYIT) and metal (.NIFTYMET) stocks shedding over 0.5%. Asian markets declined on weak cues, such as a surge in new COVID-19 infections in China and weak macroeconomic indicators, with MSCI Asia ex Japan (.MIAPJ0000PUS) falling 0.54%. ($1 = 82.7200 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ Indian shares set to rise on China recovery hopes
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 19 (Reuters) - Indian shares are set to open higher on Monday on hopes of demand recovery in China, even as concerns of global recession linger. Asian markets rebounded after a mixed start on hopes of demand recovery in China, with the MSCI Asia ex Japan (.MIAPJ0000PUS) rising 0.3%. Reports say that China planned to increase flights to encourage the recovery of its air transport market. Foreign institutional investors sold 19.75 billion rupees ($238.80 million) worth of equities on a net basis on Friday, while domestic investors bought 15.42 billion rupees ($186.44 million) of shares, as per provisional NSE data. ** Dilip Buildcon (DIBL.NS): Co gets order worth 16.47 billion rupees.

☆ Indian shares set for weak open on U.S. recession fears, hawkish cenbanks
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 16 (Reuters) - Indian shares are set to open lower on Friday, on recession fears in the U.S. and hawkish commentary by major central banks, following their U.S. counterpart. Adding to the woes of Indian markets could be the crude prices, which looked poised to end the week higher after projections of a demand revival. Foreign institutional investors sold 7.11 billion rupees ($85.81 million) worth of equities on a net basis on Thursday, while domestic investors bought 2.61 billion rupees of shares, as per provisional NSE data. ** Hindustan Petroleum Corporation (HPCL.NS): Co approves proposal to borrow up to 100 billion rupees in a private placement. ($1 = 82.8600 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ Indian shares tipped to fall ahead of Nov inflation data
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 12 (Reuters) - Indian shares were set to fall on Monday, as traders braced for local retail inflation data, due later in the day, and a flurry of interest rate decisions by major central banks this week. India consumer price inflation for November likely cooled to a nine-month low of 6.40%, according to a Reuters poll. U.S. consumer inflation data for November, scheduled to be released on Tuesday, would also be keenly watched. read moreForeign institutional investors sold 1.58 billion rupees ($19.16 million) worth of equities on a net basis on Friday, while domestic investors bought 5.02 billion rupees ($60.88 million) worth of shares, as per provisional NSE data. ** PSP Projects (PSPP.NS): Co received a letter of intent for project worth 1.22 billion rupees from Nila Spaces.

BENGALURU, Dec 9 (Reuters) - Indian shares reversed early gains on Friday, dragged by information technology stocks, after HCL Technologies warned of a potential slowdown in client spending in the industry's key U.S. markets as recession fears weighed. read moreAll the top losers in the Nifty 50 index were information technology stocks, with HCL Tech, Infosys, Tech Mahindra, Wipro and TCS, leading the decline. Most of the other sectors, however, gained as an overnight slide in oil prices and the easing of China's COVID-19 curbs limited losses. The Nifty PSU (.NIFTYPSU) index rose over 1%, on course to advance for the seventh day in a row, if gains hold. Oil prices stabilised, but still hovered around 2022 lows, after slipping for the fifth day in a row on Thursday.

☆ Indian shares set to fall for third day on Fed rate-hike worries
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 8 (Reuters) - Indian shares were set to dip for a third straight session on Thursday, as concerns over a possible U.S. recession and the pace of the Federal Reserve's rate hikes dampened sentiment. India's NSE stock futures listed on the Singapore exchange were down 0.07% at 18,658.50 as of 8:05 a.m. IST. U.S. worker productivity data for the third quarter beat forecasts on Wednesday, muddying a debate on the trajectory of Fed's rate hikes. Foreign institutional investors sold a net 12.42 billion rupees ($151.09 million) worth of equities on Wednesday, while domestic investors bought net 3.89 billion rupees ($47.32 million) worth of shares, as per provisional NSE data. read more** Axis Bank : Lender to raise up to 120 billion Indian rupees through sale of Basel III compliant Tier-II bonds.

☆ Indian shares unchanged ahead of RBI policy decision
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 7 (Reuters) - Indian shares had a muted open on Wednesday, ahead of a widely expected interest rate hike by the Reserve Bank of India, though investors will focus on the outlook the central bank provides on its fight against domestic inflation. The RBI is widely expected to raise rates by a smaller 35 basis points (bps), after three back-to-back 50-bps moves to tame stubbornly high inflation. The Nifty and Sensex have climbed 9% each since the last RBI rate hike on September 30. The sustainability of the drop in crude prices is also uncertain. "A likely smaller rate hike will signal a mix of cautiousness and comfort while keeping all options open for the February policy depending on the conditions," Suvodeep Rakshit, chief economist at Kotak Instituitonal Equities, wrote in a pre-monetary policy note.

☆ Foreign inflows in Indian equities jump in Nov as stocks hit new highs
▼ + stars: | 2022-12-06 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

BENGALURU, Dec 6 (Reuters) - Foreign portfolio investors (FPIs) bought Indian stocks worth 362.38 billion rupees ($4.4 billion) in November, marking the second best month of overseas inflows into equities this year, data from the National Securities Depository Ltd showed. The surge in inflows comes at a time when Indian shares rose to record highs. Last month's foreign inflows into stocks trailed only those in August, when FPIs purchased 512.05 billion rupees. The Nifty Bank index (.NSEBANK) added 4.66%, while the Nifty FMCG (.NIFTYFMCG) index rose 2.8% in November. Nagaonkar added that foreign fund inflows could further rise on hopes of moderation in the Federal Reserve's rate hike cycle.

☆ Indian shares slip as oil jumps on easing China COVID curbs
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Dec 5 (Reuters) - Indian shares dipped at open on Monday, as oil prices jumped following China's unwinding of COVID-19 restrictions, while investors awaited the Reserve Bank of India's monetary policy decision due later in the week. Oil prices rose after OPEC+ held its output targets in its meeting on Sunday and easing China curbs offered hopes of a rebound in fuel demand. Rise in oil prices is a negative for oil-importing countries like India, where crude oil constitutes the most in the country's import bill. Nifty Metal index was the top sectoral gainer, adding 1.11%, led by Hindalco (HALC.NS), National Aluminium (NALU.NS). Indian markets are also focused on the central bank's monetary policy decision, which is due on Wednesday.

☆ Indian shares set to rise after Powell hints at slower hikes
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 1 (Reuters) - Indian shares are set to open higher on Thursday, tracking the sharp uptick in global equities after Federal Reserve Chair Jerome Powell hinted at slowing the pace of interest rate hikes "as soon as December." India's NSE stock futures listed on the Singapore exchange were up 0.40% at 18,991.50 as of 07:30 a.m IST. Data on Wednesday showed the Indian economy logged 6.2% annual growth rate in July-September after double-digit expansion in the previous quarter. Foreign institutional investors bought net of 90.10 billion Indian rupees ($1.11 billion) equities on Wednesday, while domestic investors sold 40.56 billion rupees worth of shares, as per provisional NSE data. Stocks To Watch:** Apollo Hospitals (APLH.NS): Company approved issue of non-convertible debentures worth 1.05 billion rupees.

☆ Indian shares set to open lower after Wall Street slide
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Nov 29 (Reuters) - Indian stocks were on Tuesday set to ease from all-time highs hit in the previous session, following an overnight slide in Wall Street on worries about China's COVID-19 management and as oil prices pared losses. U.S. crude rose 1.3% to $77.24 per barrel, while Brent crude trimmed losses to close above $83 per barrel. Foreign institutional investors bought net of 9.36 billion rupees ($114.65 million) equities on Monday, while domestic investors purchased 879.3 million rupees ($10.66 million) worth of shares, as per provisional NSE data. Stocks To Watch:** NDTV (NDTV.NS): NDTV said an entity backed by its founders had issued shares to a unit of Adani Group. ($1 = 81.6400 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ Indian shares set to open lower on China COVID woes
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +2 min

Foreign institutional investors bought a net 3.69 billion rupees ($45.17 million) worth of equities on Friday, while domestic investors sold a net 2.96 billion rupees ($36.24 million) worth of shares, as per provisional NSE data. ** Larsen & Toubro Financial Holdings (LTFH.NS): Completed divestment of its mutual fund business to HSBC Asset Management (India) and received 34.84 billion rupees. The company also realised surplus cash balance of 7.65 billion rupees in L&T Investment Management. ** VA Tech Wabag (VATE.NS): Signed an agreement with Asian Development Bank towards raising 2 billion rupees through unlisted non-convertible debentures. ($1 = 81.6850 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; editing by Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

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