Indian shares set to rise on easing inflation concerns; Adani stocks in focus

<html xmlns=""><head><title>INDIA STOCKS-Indian shares set to rise on easing inflation concerns; Adani stocks in focus</title></head><body>

BENGALURU, Feb 3 (Reuters) -Indian shares are set to open higher on Friday, as global central banks hinted at inflation easing, spurring optimism that the rate hike cycle may be near an end, while the ongoing rout in Adani group stock could cap gains.

India's NSE stock futures listed on the Singapore exchange SINc1 were up 0.40% at 17,710 as of 8:05 a.m. IST.

After the U.S. Federal Reserve acknowledged in its monetary policy decision on Wednesday that the disinflationary process may have begun, the European Central Bank and the Bank of England followed suit on Thursday.

The two central banks hiked the key interest rate by 50 basis points (bps) each and signalled that the tide was turning against inflation.

U.S. and European equities rose on Thursday. Asian markets fell, with the MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS shedding 0.74%. MKTS/GLOB

The Reserve Bank of India is expected to raise the key policy repo rate by 25 bps at its next policy decision on Feb. 8, beginning the end of the tightening cycle.

Capping the gains in domestic equities could be the ongoing selloff in Adani group stocks, which has caused a rout of over $100 billion in market capitalisation after the Hindenburg report on Jan. 24.

Analysts said that the selloff in Adani stocks has created panic in Indian markets.

Foreign institutional investors sold 30.64 bln rupees ($373.23 million) worth of shares on a net basis on Thursday while domestic institutional investors purchased 23.71 bln rupees worth of shares, official data showed.


Adani Enterprises ADEL.NS, Adani Ports APSE.NS, Ambuja Cements ABUJ.NS: The National Stock Exchange puts companies under additional surveillance measure (ASM) framework after the recent selloff.

Adani Ports APSE.NS: Co handled 27.6 million metric tonnes of total cargo in January, up 11% YoY.

Tata Consumer TACN.NS: Co reports better-than-expected consolidated net profit in Q3 on price hikes, brand sales.

HDFC AMC HDFA.NS: Co gets market regulator's approval permitting investor abrdn to cut stake to less than 10%.

($1 = 82.0940 Indian rupees)

Reporting by Bharath Rajeswaran in Bengaluru; Editing by Janane Venkatraman


免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。