Indian stock market expected to open cautiously due to weak global markets

From Nasdaq: 2024-07-21 22:26:06

Indian shares are expected to open cautiously due to weak global markets. Reliance Industries, HDFC Bank, UltraTech Cement, Wipro, Paytm, and BPCL are in focus after revealing Q1 numbers. Expectations around the Union Budget, earnings, and foreign investor activity will impact sentiment. Asian markets fell, and the dollar weakened after Joe Biden ended his re-election campaign, endorsing Kamala Harris. China’s central bank cut a key interest rate to boost the economy. U.S. stocks closed lower on Friday, with the Nasdaq and S&P 500 posting their biggest weekly losses since April. European stocks also ended lower on earnings and trade tensions.



Read more at Nasdaq: Sensex, Nifty Set To Follow Global Peers Lower