scorecardresearchStocks To Watch: Markets set for a subdued opening; RIL, ONGC, Siemens India, Angel One, JSW Ispat are stocks in news

Stocks To Watch: Markets set for a subdued opening; RIL, ONGC, Siemens India, Angel One, JSW Ispat are stocks in news

Updated: 17 Jan 2023, 08:15 AM IST
TL;DR.
India's NSE stock futures listed on the Singapore exchange were up 0.08% at 17,959.50, as of 7:46 a.m. IST.
Mumbai, Oct 25 (ANI): Bombay Stock Exchange (BSE) building is illuminated in colourful lights during the Muhurat Trading Bell ceremony on the occasion of the Diwali festival, in Mumbai on Monday. (ANI Photo)

Mumbai, Oct 25 (ANI): Bombay Stock Exchange (BSE) building is illuminated in colourful lights during the Muhurat Trading Bell ceremony on the occasion of the Diwali festival, in Mumbai on Monday. (ANI Photo)

(Reuters) - 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.

India's NSE stock futures listed on the Singapore exchange were up 0.08% at 17,959.50, as of 7:46 a.m. IST.

In broader markets, the MSCI's gauge of Asia Pacific stocks outside Japan was down 0.34%.

China's economy slowed in the fourth quarter due to stringent COVID curbs, dragging down 2022 growth to one of its worst in nearly half a century and heightening concerns about global growth.

Investors will also await the Bank of Japan's decision 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.

The U.S. markets were closed on Monday for a holiday.

Meanwhile, foreign institutional investors extended their selling streak for the seventeenth day in a row - the longest such streak in six months - offloading 7.51 billion rupees ($92.00 million) worth of equities on a net basis on Monday.

Domestic investors bought 6.86 billion rupees of shares, as per provisional NSE data.

STOCKS TO WATCH

** Oil producers and refiners stocks: India has cut its windfall tax on crude oil and exports of aviation turbine fuel (ATF) and diesel, according to a government notification dated Jan. 16.

** Siemens India: Co gets order worth 260 bln rupees from Indian railways for 1,200 locomotives of 9,000 horsepower. This is the largest single order in the history of Siemens in India.

** Angel One: Co reports 38% rise in net profit in the third quarter, also approves interim dividend of 9.60 rupees per share.

** JSW Ispat: Co's consolidated net loss widens in December quarter. 

First Published: 17 Jan 2023, 08:15 AM IST