INSUBCONTINENT EXCLUSIVE:
The Indian equity benchmarks are set to open higher as indicated by the Nifty Futures on Singapore Exchange
The Nifty Futures on Singapore Exchange also known as SGX Nifty Futures rose 43 points to 17,969 amid positive cues from global markets
Asian share prices advanced on Friday as a shock from a surprisingly strong United States inflation reading ebbed, with investors now
hopeful that the worst price hikes could be soon over.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7 per cent to
reach its highest level in two weeks while Japan's Nikkei gained 1.1 per cent, helped by brisk earnings.United States stock futures were
up about 0.3 per cent after a mixed session on Thursday when the S-P 500 ended 0.06 per cent higher while tech-heavy Nasdaq rose 0.52 per
cent.The world's stock prices posted their biggest fall in over a month on Wednesday following a surprisingly strong reading on United
States inflation.Back home, foreign institutional investors sold shares worth Rs 1,637 crore on Thursday while domestic institutional
investors bought shares worth Rs 446 crore.Tata Steel will be in focus after its profit jumped nearly 8 times to Rs 11,918 crore compared
with Rs 1,565 crore in the same period last year.
