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BENGALURU — Indian shares on Friday are expected to open higher along with their Asian peers. This is due to heightened expectations that lower US inflation may start to ease the Federal Reserve’s aggressive interest rate stance.
India’s NSE Share futures listed on the Singapore Exchange rose 1.6 at 0148 GMT. MSCI’s broadest index of Asia-Pacific stocks outside Japan jumped 3.6%.
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The NSE Nifty 50 Index fell 0.71% to close at 18,028 on Thursday while the S&P BSE Sensex fell 0.69% to close at 60,613.70.
All three major U.S. stock indices posted their biggest daily percentage gains in nearly two and a half years as Labor Department data showed the annual consumer price index dipped below 8% for the first time. 8 months.
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India is due to report October inflation next week.
In terms of domestic revenue, Nifty components Mahindra and Mahindra, top insurer Life Insurance Corporation of India, battery maker Exide Industries and engineering firm Bharat Heavy Electricals are among the companies reporting quarterly figures.
Foreign institutional investors bought INR 360.6 million ($4.47 million) in shares on Thursday, while domestic investors bought INR 9.67 billion in shares, according to preliminary data available on the National Stock Exchange. I sold it.
Stocks to watch:
**A firm led by Asia’s richest man Gautam Adani and billionaire Mukesh Ambani (owner of Reliance Industries) has embarked on a race to buy India’s debt-laden Future Retail.
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** India’s Eicher Motors’ quarterly profit fell short of analyst estimates on Thursday. Because the cost of the Royal Enfield motorcycle manufacturer jumped 50% of his.
**Indian Automobile Manufacturers Association releases automotive industry sales data for October.
** National Steel Corporation of India compares net loss for September quarter to profit for the same period last year.
** India’s Coffee Day Enterprises compares September quarter console net profit to year-ago loss.
**Indian food delivery company Zomato reported on Thursday that its second-quarter losses narrowed due to an increase in the volume and value of online orders.
** An Indian court on Thursday ordered the director of local pharmaceutical company Aurobindo Pharma to be detained for a week in an investigation related to the Delhi government’s liquor policy. ($1 = 80.6300 INR) (Reporting by Nallur Sethuraman of his in Bangalore; Editing by Dhanya Ann Thoppil)
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