Indian equity benchmarks set to open little changed
Live MintJan 3 - Indi's benchmark indexes are set to open little changed on Friday, as investors weigh expectations of a healthy domestic corporate earnings season and prospects of slower U.S interest rate cuts. The U.S. dollar hit a two-year high after economic data indicated the U.S. labour market remained on solid ground, aiding expectations that the Fed could continue on a slower interest rate-cut path. Foreign institutional investors turned net buyers of Indian stocks on Thursday, snapping a 12-session selling streak, while domestic institutional investors bought domestic equities on a net basis for 12th session in a row. STOCKS TO WATCH ** NHPC gets 2.50 billion rupees as the second installment of gross payment under a mega insurance policy ** India's drug regulator approves oral antibiotic of Wockhardt, used for the treatment of bacterial pneumonia ** MOIL posts 13% rise in sales in December quarter ** RITES wins order worth 697.8 million rupees from Steel Authority of India