(Reuters) – India’s benchmark indexes are set to open marginally higher on Thursday, with analysts expecting markets to trade sideways till the start of the quarterly earnings season next week.
The GIFT Nifty futures were trading at 23,846 as of 8:04 a.m. IST, indicating that the benchmark Nifty 50 would open slightly above Wednesday’s close of 23,742.9.
While the monthly sales numbers of key automakers were positive for investor sentiment, markets will remain little changed until the start of the December-quarter corporate results next week, said Siddhartha Khemka, head of research of wealth management at Motilal Oswal Financial Services.
Other Asian markets were subdued on the day, with the MSCI Asia ex-Japan shedding 0.6%.
STOCKS TO WATCH India’s NMDC reports 6.7% year-on-year drop in total iron ore sales in December Tata Motors posts 1% drop in total commercial vehicle sales in December CSB Bank reports 26% rise in gross advances in the December quarter
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.
