简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:BENGALURU, Sept 25 (Reuters) - Indian shares are expected to start on a subdued note on Monday after
BENGALURU, Sept 25 (Reuters) - Indian shares are expected to start on a subdued note on Monday after benchmarks last week posted their worst performance in several months over fears that global interest rates will remain higher for longer.
Indias GIFT Nifty (.GIFc1) was up 0.25% to 19,692 points at 7:53 a.m. IST on the NSE International Exchange.
The main Nifty 50 (.NSEI) index closed down 0.34% at 19,674.25 points on Friday, while the S&P BSE Sensex fell 0.33% to 66,009.15 points.
Last week was the worst for the Sensex since June 2022, having dropped 2.7%. Meanwhile, the Nifty 50 index recorded its worst week since February.
Shares of Indian casino operator Delta Corp (DELT.NS) are expected to come under pressure after the company said on Friday it received a notice to pay taxes worth 111.4 billion rupees ($1.34 billion) along with interest and penalty for the period between July 2017 to March 2022.
Investors will also keep an eye on surging crude oil prices that will possibly increase inflation in the worlds third-largest importer.
Domestic markets have come under pressure in September with foreign investors offloading over $1 billion worth of shares as of Sept. 21.
Foreign institutional investors (FII) sold shares worth 13.27 billion rupees on a net basis on Friday, while domestic investors bought 8.01 billion rupees, as per provisional stock exchange data.
STOCKS TO WATCH:
** CEAT (CEAT.NS): Co got order issued by tax authorities with demand of 1.07 billion rupees, penalty of 1.07 billion rupees
** Bajaj Finance (BJFN.NS): Co will consider raising funds via qualified institutional placement on Oct. 5
** Abbott India (ABOT.NS): Co has warned of potential supply shortages of two popular laxative syrups after production was prohibited in Indias Goa state
Reporting by Sethuraman NR and Anisha Ajith in Bengaluru; Editing by Sohini Goswami
Our Standards: The Thomson Reuters Trust Principles.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.