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INDIA STOCKS-Indian shares seen opening higher as global equities attempt bounce

10/03/2022 | 10:51pm EST

BENGALURU, Oct 4 (Reuters) - Indian shares are expected to open higher on Tuesday, tracking a bounce in global equities, as investors eyed decisions from central banks that would help avoid a financial crisis.

Domestic investors were also keeping an eye on global crude prices as a surge will heat up inflation in the world's third largest oil importing country.

India's NSE stock futures listed on the Singapore exchange were up 1.4%, as of 0220 GMT, while MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.1%.

The NSE Nifty 50 index fell 1.2% to 16,887.35 on Monday and the S&P BSE Sensex closed down 1.1% at 56,788.81.

Asian stocks bounced on Tuesday after Britain scrapped bits of a controversial tax cut plan, tentatively improving global market sentiment and rallying bonds and the pound.

A United Nations agency warned on Monday of the risk of a monetary policy-induced global recession that would have especially serious consequences for developing countries and called for a new strategy.

Foreign institutional investors bought net 5.91 billion rupees ($72.48 million) worth of equities on Monday, while domestic investors sold net 4.23 billion rupees worth, as per provisional data available with the National Stock Exchange.

Stocks to watch:

** Marico said it expects consumption trends to improve in the second half of current fiscal.

** KEC International gets orders worth 14.07 bln rupees.

** Gravita India said there were no such plans of stake sale by promoter or promoter group.

** Dilip Buildcon via JV got letter of acceptance from Gujarat Metro Rail Corp for project cost of 10.61 billion rupees.

** Housing Development Finance Corporation Ltd said gross income from dividend for Sept-quarter was 13.60 billion rupees.

** Medicamen Biotech forayed into domestic pharma business via unit.

** Avenue Supermarts reported rise in September quarter revenue from operations.

** NCC received new order for 3.93 billion rupees.

** Bank Of Maharashtra said gross advances rose 28.65% year on year in second quarter.

** Anupam Rasayan approved price for qualified institutions placement at 725 rupees per share.

** IndusInd Bank said second quarter net advances rose 18% year on year

** Info Edge will invest 1.35 billion rupees via share purchase in Sunrise Mentors.

** TTL Enterprises will consider issue of shares on preferential basis.

** VSF Projects will consider proposals for fund raising. ($1 = 81.5450 Indian rupees) (Reporting by Nallur Sethuraman in Bengaluru; Editing by Subhranshu Sahu)

ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AVENUE SUPERMARTS LIMITED -0.95% 4005.75 Delayed Quote.-14.25%
BANK OF MAHARASHTRA 0.74% 27.35 End-of-day quote.42.45%
BRENT OIL -1.49% 85.9 Delayed Quote.11.13%
DILIP BUILDCON LIMITED 2.45% 238.05 End-of-day quote.-46.24%
FSN E-COMMERCE VENTURES LIMITED 4.05% 178.35 Delayed Quote.-49.08%
GRAVITA INDIA LIMITED -1.38% 353.05 End-of-day quote.20.62%
INDUSIND BANK LIMITED 0.43% 1178.4 End-of-day quote.32.76%
INFO EDGE (INDIA) LIMITED 0.33% 4042.6 Delayed Quote.-27.51%
KEC CORPORATION -1.42% 2430 End-of-day quote.-34.50%
KEC HOLDINGS CO., LTD. -1.22% 1215 End-of-day quote.-44.27%
KEC INTERNATIONAL LIMITED 0.80% 420.2 End-of-day quote.-12.27%
MARICO LIMITED 0.39% 503.85 End-of-day quote.-1.66%
MEDICAMEN BIOTECH LIMITED -0.92% 842.2 End-of-day quote.-5.01%
NCC AB (PUBL) 0.20% 101.7 Delayed Quote.-39.36%
NCC GROUP PLC -1.63% 211 Delayed Quote.-9.64%
NCC LIMITED 0.94% 80.35 End-of-day quote.14.30%
NIFTY 50 -0.62% 18696.1 Delayed Quote.8.40%
SENSEX BSE30 -0.66% 62868.5 Real-time Quote.7.92%
WTI -1.34% 80.208 Delayed Quote.6.89%
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