BENGALURU : Indian stocks were poised to open higher on Monday, tracking a Wall Street rally in the previous session, with shares also taking cues from the earnings of heavyweights such as Reliance.
Domestic equities will react to a host of key earnings from Friday and over the weekend, including that of heavyweights Reliance Industries, ICICI Bank and Kotak Mahindra Bank Ltd.Wall Street equities rallied to close higher on Friday, as upbeat quarterly earnings helped lift Netflix, while Google parent Alphabet climbed after announcing job cuts.Foreign institutional investors sold 20.02 billion rupees worth of shares on Friday on a net basis, while domestic investors bought 15.
** ICICI Bank on Saturday reported a 34.2 per cent increase in net profit for the October-December quarter, on the back of improved revenues and healthy loan growth.