Indian shares set for muted open as US jobs data fuels rate concerns

Posted on:
Key Points

BENGALURU, July 7 (Reuters) - Indian shares are set for a subdued start on Friday, tracking weakness in global peers, after data indicating strength in the U.S. labour market fuelled concerns of further monetary policy tightening...

Indian shares shrugged off weakness in global equities on Thursday, with blue-chips Nifty 50 (.NSEI) and Sensex (.BSESN) indexes hitting fresh highs..

But global cues worsened after data showed rise in the U.S. private payrolls, indicating strength in the labour market, fuelling fears of prolonged high interest regime and triggering a spike in bond yields across the world...

Asian markets declined, with the MSCI Asia ex-Japan index (.MIAPJ0000PUS) losing over 1%, and the MSCI all country world price index (.MIWD00000PUS) logging its worst day in over two months...

Foreign institutional investors bought 26.41 billion rupees ($319.4 million) of Indian equities on a net basis on Thursday, while domestic investors sold 23.52 billion rupees of shares, as per provisional NSE data...

You might be interested in

With 8% gains YTD, India still underperforming in global bull race; will it catch up?

14, Jul, 23

Thanks to foreign investors' relentless buying, the benchmark Nifty50 and Sensex have risen more than 15% from the March lows and reached new highs. Indian equities also joined the club of the best-performing markets in 2023. However, compared to other emerging and developed market peers, India underperforms.

Indian shares set to open little changed; earnings awaited

01, Aug, 23

Indian shares are set to open little changed on Tuesday after a positive start to the week as investors awaited a slew of quarterly results across sectors.

Indian shares set to open flat ahead of RBI policy minutes

24, Aug, 23

Indian shares are set to open little changed on Thursday on caution ahead of the release of the Reserve Bank of India's policy meeting minutes.

SGX Nifty down 40 points; here's what changed for market while you were sleeping

27, Feb, 23

With the market in an oversold territory, we could see a quick pullback rally if the index trades above 17500. Above which, the pullback formation is likely to continue till 17600-17750. On the flip side, as long as the index is trading below 17500, the weak sentiment will continue. Below which, the index could retest the level of the 200-day SMA or 17400.

Indian shares set to open marginally higher amid global slide

03, Aug, 23

Indian shares are set to open marginally higher on Thursday, amid caution in global equities after Fitch's downgrade of the United States' credit rating, while analysts expect further consolidation in the markets.

Indian shares set for muted open ahead of June quarter earnings

10, Jul, 23

Indian shares are set for a subdued start on Monday after investors secured profits at near record-high levels in the previous session on U.S. rate concerns, ahead of the corporate earnings for the June quarter.

FIIs make a stellar comeback! Turn net buyers in last 6 sessions with net inflow of ₹13,474 crore; DIIs left behind

01, Dec, 23

Foreign investors have emerged as net buyers of Indian equities for the six straight sessions, snapping their three month -sustained selling streak which was over global headwinds.

Indian shares set to open lower as investors eye US jobs data

01, Sep, 23

Indian shares are set to open marginally lower on Friday, on caution ahead of a key U.S. jobs report, which could influence the Federal Reserve's rate decision later this month.

JPMorgan predicts foreign investors flocking to Indian stocks after LS elections: Report

20, Mar, 24

Besides JPMorgan, Goldman Sachs Group had also predicted more foreign inflows as PM Narendra Modi is set to come back for a third term in 2024.

ETMarkets Smart Talk: If the ruling party secures the national election, Nifty could easily surpass 25,000

18, Nov, 23

“There might be some ups and downs until December 3, especially with the state election results coming in, but after that, I expect a pre-election rally in the market.