News Formal

Indian shares rise marginally ahead of earnings, macro data

  • 📰 Reuters
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Indian shares rose on Wednesday as March-quarter corporate earnings trickled in, while caution ahead of key domestic and global macroeconomic data capped gains.

has risen over 4.5% in the past seven sessions, its longest winning streak in more than four months.

"Expect equity markets to stay muted in the near term despite the surprise pause by the Reserve Bank of India and market valuations becoming more reasonable," analysts at Kotak Institutional Equities wrote in a note. "Growth prospects remain weak, inflation faces upside risks and risks of earnings downgrades exist," they added.

Investors also await consumer inflation and industrial production data, due to be released after market hours on Wednesday. India's consumer inflation likely eased in March to 5.80%, dipping below the RBI's upper tolerance limit for the first time in 2023, according to a ReutersWall Street equities were mostly higher ahead of consumer price index data for March and minutes of the Fed's latest policy meeting due on Wednesday. Asian markets remained subdued.jumped over 6% after posting 15% year-on-year growth in sales of own brands in the fourth quarter at 1.04 billion rupees.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Auto, realty stocks power Indian shares ahead of March quarter earningsIndian shares advanced on Monday, aided by auto and realty stocks following strong quarterly business updates, but rising odds of a U.S. Federal Reserve rate hike in May capped gains.
Källa: Reuters - 🏆 2. / 97 Läs mer »

Auto, realty stocks help Indian shares ahead of Q4 earningsIndian shares settled marginally higher on Monday, helped by strong quarterly business updates from auto and realty companies, but rising odds of a U.S. Federal Reserve rate hike in May capped gains.
Källa: Reuters - 🏆 2. / 97 Läs mer »

Financials aid rise in Indian shares ahead of quarterly earningsIndian shares advanced on Tuesday, aided by financials stocks on strong quarterly updates, ahead of corporate earnings for the March quarter. Poop ❤️I must buy some Indian stocks, but do I have enough money?
Källa: Reuters - 🏆 2. / 97 Läs mer »