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INDIA STOCKS-Indian shares seen opening lower as growth worries linger

10/02/2022 | 10:44pm EST

BENGALURU, Oct 3 (Reuters) - Indian shares are tipped to open lower on Monday, in line with Asian peers, as global investors remained on edge after higher than expected U.S. inflation data added to economic growth worries.

India's NSE stock futures listed on the Singapore exchange were down 1% as of 0220 GMT, while MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4%.

The NSE Nifty 50 index ended up 1.6% at 17,094.35 on Friday, and the S&P BSE Sensex gained 1.8% to 57,426.92.

Fresh personal consumption expenditures (PCE) price index data, tracked by the U.S. Federal Reserve as it considers more interest rate hikes, showed a rise of 0.3% last month.

Foreign institutional investors sold a net 15.65 billion Indian rupees ($192 million) worth of equities on Friday, while domestic investors purchased net 32.45 billion rupees worth, as per provisional data available with the National Stock Exchange.

Stocks to watch:

** Reliance Jio will launch a budget laptop priced at $184 with an embedded 4G sim card, two sources told Reuters.

** Tulsi Tanti, the founder and chairman of Indian wind turbine maker Suzlon Energy Ltd, died on Saturday.

** Suzlon on Monday said promoters and the promoter group re-confirmed their participation in the proposed rights issue and have expressed their intention to subscribe to the full extent of their rights entitlement.

** India raised prices of locally produced gas to $8.57/mmBtu.

** Cosmetic-to-fashion retailer Nykaa's parent company will consider bonus share issue on Monday.

** India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold.

** Indian government has cut a windfall tax on domestically produced crude oil and diesel exports.

** Maruti Suzuki India, Ashok Leyland ,Tata Motors reported a rise in September auto sales, while Hero MotoCorp reported a dip.

** Interglobe Aviation said Ronojoy Dutta stepped down as the whole-time director, chief executive officer of the company.

** Coal India said its output for September rose from a month ago.

** Bata India said CFO Vidhya Srinivasan resigned.

** Veranda Learning Solutions will consider a fund raise.

** 63 Moons Technologies will provide software support services to MCX for 3 months from Oct. 1.

** Happiest Minds Technologies will raise funds worth up to 14 billion rupees.

** Housing Development Finance Corp raised its retail prime lending rate.

** Life Insurance Corporation Of India cut its stake in Tamilnadu Newsprint & Papers. ($1 = 81.5090 Indian rupees) (Reporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'Souza)

ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
63 MOONS TECHNOLOGIES LIMITED 0.63% 152.15 End-of-day quote.-33.54%
ASHOK LEYLAND LIMITED -1.82% 146 Delayed Quote.21.44%
BATA INDIA LIMITED 0.94% 1718.6 End-of-day quote.-8.28%
BRENT OIL -0.56% 86.72 Delayed Quote.9.01%
COAL INDIA LIMITED 0.29% 226.65 Delayed Quote.54.81%
CRUDE PALM OIL 0.07% 741 End-of-day quote.-26.42%
FSN E-COMMERCE VENTURES LIMITED 2.33% 175.45 Delayed Quote.-51.06%
HAPPIEST MINDS TECHNOLOGIES LIMITED 0.34% 947.85 End-of-day quote.-26.88%
HERO MOTOCORP LIMITED 0.75% 2851.7 End-of-day quote.15.86%
INTERGLOBE AVIATION LIMITED -1.45% 1915.65 Delayed Quote.-3.64%
LIFE INSURANCE CORPORATION OF INDIA -0.08% 650.4 Delayed Quote.0.00%
MARUTI SUZUKI INDIA LTD -1.66% 8810.75 Delayed Quote.20.62%
MSCI SINGAPORE (GDTR) 0.34% 5738.15 Real-time Quote.-9.99%
NIFTY 50 -0.72% 18679.05 Delayed Quote.8.09%
S&P GSCI CRUDE OIL INDEX -0.22% 444.3712 Real-time Quote.7.10%
SENSEX BSE30 0.29% 63284.19 Real-time Quote.8.64%
SUZLON ENERGY LIMITED 3.87% 9.45 Delayed Quote.-3.34%
TATA MOTORS LIMITED 1.45% 439.35 End-of-day quote.-8.91%
VERANDA LEARNING SOLUTIONS LIMITED -1.31% 286.35 Delayed Quote.0.00%
WTI -0.44% 80.938 Delayed Quote.4.48%
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