美國居民不適用 XM 服務。

Indian shares set to open lower ahead of union budget; Reliance, HDFC Bank in focus



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>INDIA STOCKS-Indian shares set to open lower ahead of union budget; Reliance, HDFC Bank in focus</title></head><body>

BENGALURU, July 22 (Reuters) -Indian shares will likely open lower on Monday, a day ahead of the union budget due on July 23, while reactions to the quarterly earnings of index heavyweights HDFC Bank and Reliance Industries will be in focus.

The GIFT Nifty GIFc1 was at 24,403 points as of 8:14 a.m. IST, suggesting that the NSE Nifty 50 .NSEI will open below its Friday's close of 24,530.9.

The Nifty has risen for seven straight weeks, but last week's gain was marginal following a 1% slide on Friday due to broad-based profit booking near record-high levels ahead of the budget on Tuesday, July 23.

"Currently, the market isn't anticipating negative surprises in areas like income tax, capital gains tax or securities transaction tax. However, any changes could have a short-term negative impact," said Krishna Appala, senior research analyst at Capitalmind Research.

On the earnings front, HDFC Bank HDBK.NS, the country's top private lender and the heaviest stock in the Nifty 50, beat quarterly profit forecasts on Saturday, as loan-loss provisions fell.

Oil-to-telecom conglomerate Reliance RELI.NS reported first-quarter profit below analysts' estimates on Friday, hurt by lower margins on fuel sales.

Also in focus will be Wipro WIPR.NS, which missed quarterly revenue estimates on Friday due to weak demand in Europe and Asia-Pacific.

Meanwhile, Asian peers fell even after a surprise rate cut by China's central bank, while Wall Street futures firmed in the wake of U.S. President Joe Biden's decision to bow out of the election race. MKTS/GLOB


STOCKS TO WATCH:

* JSW Steel JSTL.NS reported a first-quarter profit that fell more than expected due to stagnant demand and as higher costs weighed.

* Patanjali Foods PAFO.NS reported a threefold jump in quarterly profit on stable edible oil prices and higher demand for its packaged foods.

* PVR Inox PVRL.NS reported a first-quarter loss that more than doubled due to fewer big-budget Bollywood releases and weak box office returns.

* Earnings in focus: Mahindra Logistics MALO.NS, Coforge COFO.NS



Reporting by Manvi Pant and Bharath Rajeswaran in Bengaluru; Editing by Savio D'Souza

</body></html>

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明