Nifty Seen Opening On A Flat Note; DLF, IndiGo, NTPC, RBL Bank In Focus

Indian stock benchmarks are on the low side, as evidenced by Nifty futures traded on the Singapore Stock Exchange. The Singapore Nifty Futures Exchange, also known as SGX Nifty Futures, rose 7 points to 17,887 on signs of weakness from global markets.

Asian and US stock futures fell on Friday as growth and inflation concerns continued to weigh as Amazon and Apple’s quarterly earnings offset recent strong trends. MSCI’s largest non-Japan Asia Pacific stock index started trading down 0.3%, posting a 1.3% weekly decline and a three-week gain. The Nikkei Stock Average in Japan traded unchanged, offsetting early losses.

The decline in Nasdak futures weighed on Asian shares, falling 0.73 percent after Apple and Amazon exited after lower-than-expected closing prices.

Chinese stocks fell lower than most other markets, with local stocks trading well unchanged, but the Hong Kong benchmark down 0.83%, causing mainland property stocks to contract again.

Global stocks rose to record highs overnight on Thursday as investors turned down weak US economic growth data to focus on strong corporate performance and interest rate expectations amid rising inflation. Government bond yields rose.

The S&P 500 and Nasdaq hit record highs, in part due to the rise of Apple Inc and Amazon Inc. However, both companies had lower-than-expected returns after closing prices.

Upon their return to Japan, foreign institutional investors sold shares worth Rs 3,818.51 on Thursday, while foreign institutional investors bought shares worth Rs 836.6.

DLF, Sagar Cement, Motilal Oswal Financial Services, NTPC, DLF, RBL Bank, Reliance Infra, Adani Total Gas, Tata Power and InterGlobe Aviation will reach their quarterly results for September, which will be released on Thursday after business hours.

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