Indian shares set to open higher as strong earnings lift mood

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Indian shares were set to open higher on Monday as improved quarterly results from heavyweights Reliance Industries Ltd and ICICI Bank Ltd eased some concerns over a lacklustre start to the earnings season.

India's NSE stock futures listed on the Singapore exchange were up 0.29% at 17,690 as of 8:10 a.m. IST.

19% growth in fourth-quarter profit, aided by the strong performance in oil-to-chemicals segment, post market hours on Friday.a 30% jump in net profit in the March quarter, helped by improved net interest income and loan growth.

 

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