(Reuters) - Indian shares were set to open higher on Friday, after U.S. investment firm GQG Partners' almost-$ 2 billion investment in Adani stocks helped lift sentiment, turning foreign investors into buyers after a six-session hiatus.
India's NSE stock futures listed on the Singapore exchange were up 0.58% at 17,456.50, as of 8:02 a.m. IST.
Broader Asian markets too were up on Friday, following Wall Street equities ending higher overnight after Atlanta Fed President Raphael Bostic said he favoured a "slow and steady" quarter-point U.S. rate hike in the upcoming policy meeting.
The MSCI's broadest index of Asia-Pacific shares outside Japan added 0.47%.
Meanwhile, U.S. boutique investment firm GQG Partners Inc bought shares worth $1.87 billion in four Adani group companies, the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout.
Two analysts said the investments will help investor sentiment in the Adani Group in the short term.
Foreign institutional investors (FII) bought a net 127.71 billion rupees worth of equities on Thursday, aided by the 154.46 bln rupees investment in Adani group companies.
STOCKS TO WATCH
** Adani Enterprises, Adani Ports, Adani Green, Adani Transmission: U.S. investment firm GQG Partners buys shares worth $1.87 bln in four Adani group companies.
** Mahindra & Mahindra Financial Services: Co estimates total disbursement of 41.85 bln rupees in February 2023, up 53% year-on-year.
** Titagarh Wagons: Consortium of Titagarh Wagons and BHEL emerges as second lowest bidder for manufacturing and maintenance of Vande Bharat trainsets; eligible to get 80 trainsets.
** MOIL: Co reports 10% jump in production of manganese ore in February.