Indian shares tipped to fall ahead Nov inflation data
India's NSE stock futures listed on the Singapore exchange were down 0.35% at 18,525.50 as of 7:45 a.m. IST.
The blue-chip indexes slid on Friday and logged their worst week in over two months as IT stocks tumbled after HCL TechnologiesIndia consumer price inflation for November likely cooled to a nine-month low of 6.40%, according to a Reuters poll. The data is scheduled to be announced post-market hours Monday.Investors will also focus on rate decisions by the U.S. Federal Reserve and the European Central Bank, due later this week.
U.S. consumer inflation data for November, scheduled to be released on Tuesday, would also be keenly watched. The data comes on the heels of print showing producer prices in the U.S. rose at a faster-than-expected pace, triggering worries for a prolonged Fed rate hike cycle. Foreign institutional investors sold 1.58 billion rupees worth of equities on a net basis on Friday, while domestic investors bought 5.02 billion rupees worth of shares, as per provisional NSE data.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India Nov thermal coal imports at 9-month low as local output soarsIndia's thermal coal imports fell to the lowest levels in 9 months during November, data from consultancy Coalmint showed, mainly due to a rise in domestic coal production.
Read more »
Snow to hit Northeast for Monday commute with up to 10 inches possible at highest elevationsWinter Weather Advisories have been issued for parts of central and upstate New York, northeastern Pennsylvania, northwestern New Jersey, northwestern Connecticut and western Massachusetts.
Read more »
Cardinals-Patriots: Can Arizona redeem itself in second Monday Night Football showdown?Arizona Republic sportswriter Bob McManaman breaks down Monday night's must-win NFL game between the Cardinals and New England Patriots.
Read more »
At least four killed as Cyclone Mandous hits southern Indian stateA cyclonic storm killed at least four people in the southern Indian state of Tamil Nadu on Saturday, the top state official said, as heavy rain and strong winds buffeted several districts damaging property and causing power outages.
Read more »
Four oil tankers to pass Istanbul strait on Monday -maritime authorityTurkey's maritime authority said on Sunday that four tankers, carrying some 475,000 tonnes of oil, had provided the necessary insurance letters according to regulations and would cross the Istanbul Strait on Dec. 12.
Read more »
Petition filing for school board and most municipal races begins MondayPetition filing begins Monday morning for candidates running in the April 3 election for seats on most suburban municipal boards and all school district, library district, park district or township boards.
Read more »