Indian shares are set for a muted opening on Tuesday, mirroring regional markets after data showed China's economy slowed, while the losses could be capped by domestic oil producers after the federal government cut a windfall tax on crude oil and diesel.
about tightening its monetary policy. The BOJ, which kicked off its two-day policy meeting on Tuesday, has been an outlier in clinging to stimulus while most central banks globally are locked in rate-hike cycles. If BOJ changes its stance on monetary stimulus, it could put upward pressure on yields across global markets.
Meanwhile, foreign institutional investors extended their selling streak for the seventeenth day in a row - the longest such streak in six months -Domestic investors bought 6.86 billion rupees of shares, as per provisional NSE data.** Oil producers and refiners stocks: India has cut its windfall tax on crude oil and exports of aviation turbine fuel and diesel,
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