INSUBCONTINENT EXCLUSIVE:
The Indian equity benchmarks are set to open lower as indicated by the Nifty Futures traded on the Singapore Exchange
The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures rose 7 points to 17,887 amid weak cues from global markets
Asian shares and US stock futures slipped on Friday, as Amazon and Apple quarterly earnings bucked a recent strong trend and growth and
inflation fears continued to weigh
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 per cent in early trading and was on track for a weekly loss of
1.3 per cent, snapping three weeks of gains
Japan's Nikkei reversed early losses to trade flat.Asian shares were weighed by a fall in Nasdaq futures, which lost 0.73 per cent as
Apple Inc and Amazon Inc posted results after the close that missed expectations.Chinese shares fell less than most other markets, with
local blue chips trading flat, though the Hong Kong benchmark lost 0.83 per cent, once again weighed by mainland Chinese property
stocks.Overnight, Global equities moved toward record highs on Thursday and United States Treasury yields rose as investors discounted weak
United States economic growth data to retain their focus on strong corporate results and interest rate expectations amid rising
inflation.All three major United States stock indexes ended the day's session higher, with the S-P 500 and Nasdaq boasting record closing
levels thanks partly to gains by Apple Inc and Amazon Inc
Both companies posted results after the close that missed expectations, however.Back home, foreign institutional investors sold shares worth
Rs 3,818.51 crore on Thursday while foreign institutional investors bought shares worth Rs 836.6 crore.DLF, Sagar Cements, Motilal Oswal
Financial Services, NTPC, DLF, RBL Bank, Reliance Infra, Adani Total Gas, Tata Power and InterGlobe Aviation will react to their September
quarter earnings posted after the market hours on Thursday.Infosys will be in focus after the company entered into an agreement with energy
giant BP to develop and pilot an energy as a service (EaaS) solution, which will aim to help businesses improve the energy efficiency of
infrastructure, and help meet their decarbonization goals.
