Indian Shares Likely To Open On Positive Note

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(RTTNews) - Higher SGX Nifty and cues from Wall Street and Asian markets point to a positive start for Indian shares on Monday.

Asian stocks are broadly higher today, tracking positive cues from Wall Street, where stocks rallied on Friday on bargain hunting and strong results from Apple Inc.

Investors are also likely to react to a slew of earnings updates from Indian companies.

Coal India reported consolidated net profit of Rs 5,527.62 crore for the March quarter, down 17.7% from a year ago. Consolidated revenue for the quarter rose 17.3% year on year.

Piramal Enterprises Limited reported a net loss of Rs 196 crore in the January - March quarter as against a profit of Rs 151 crore a year ago.

Alembic Pharma reported a net profit of Rs 153 crore for the quarter ended March 2023, compare with Rs 22 crore in the year-ago quarter.

Adani Power reported consolidates net profit of Rs 5,242.48 crore in the fourth quarter of 2022-23, compared to Rs 4,645 crore a year ago.

Union Bank of India reported a net profit of Rs 2,812 crore for the quarter ended March 2023, compared to Rs 1,557 crore in the corresponding quarter of the previous year.

Bank of India reported a 123% jump in net profit at Rs 1,350 crore in the fourth quarter of financial year 2023, from Rs 606 crore in the fourth quarter of the previous financial year.

On Friday, Indian shares fell sharply, with banks and financials among top drags. Weak global cues weighed on sentiment as U.S. bank contagion fears resurfaced and investors awaited the all-important U.S. jobs data due tonight that could influence the Federal Reserve's monetary policy path.

The benchmark S&P/BSE Sensex ended the session down 694.96 points, or 1.13%, at 61,054.29 while the broader NSE Nifty index settled down 186.80 points, or 1.02%, at 18,069.

U.S. stocks ended sharply higher on Friday on bargain hunting and strong results from Apple Inc. The major averages all posted impressive gains. The Dow surged 1.7%, the S&P 500 climbed 2.3% and the Nasdaq advanced nearly 2%.

European stocks closed on a buoyant note on Friday, lifted by encouraging U.S. jobs data and slightly easing worries about banking sector woes.

Lower Open Predicted For Thai Stock Market

The Thai stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,265-point plateau and it figures to remain rangebound again on Friday.

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Japanese Market Notably Higher

Reversing the losses in the previous session, the Japanese market is notably higher on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,800 level, with gains in index heavyweights and financial stocks as well as a mixed performance in all other sectors.

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Indonesia Bourse Due For Consolidation On Friday

The Indonesia stock market has tracked higher in five straight sessions, improving more than 440 points or 5.8 percent along the way. The Jakarta Composite Index now sits just above the 7,930-point plateau although investors figure to lock in gains on Friday.

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Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Friday, extending the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,900 level, with gains across most sectors led by energy and technology stocks.

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Hong Kong Shares Tipped To Open In The Red

The Hong Kong stock market on Thursday ended the three-day winning streak in which it had climbed more than 750 points or 3 percent. The Hang Seng Index now rests just beneath the 25,520-point plateau and it may see continued consolidation on Friday.

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China Shares Likely Rangebound Again On Friday

The China stock market on Thursday ended the three-day winning streak in which it had gained almost 50 points or 1.4 percent. The Shanghai Composite Index now sits just beneath the 3,670-point plateau and it may take further damage on Friday.

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Soft Start Seen For Taiwan Stock Market

The Taiwan stock market on Thursday wrote a finish to the five-day winning streak in which it had rallied more than 910 points or 3.9 percent. The Taiwan Stock Exchange now sits just beneath the 24,240-point plateau and it may spin its wheels again on Friday.

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Japan GDP Climbs 0.3% In Q2

Japan's gross domestic product expanded a seasonally adjusted 0.3 percent on quarter in the second quarter of 2025, the Cabinet Office said in Friday's preliminary report.

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EURUSD	1.16558	GBPUSD	1.35395	AUDUSD	0.64951
USDJPY	147.271	USDCAD	1.3808	USDCHF	0.80712