Indian benchmarks set to open marginally higher
Live MintJan 15 - India's benchmark indexes are expected to open marginally higher on Wednesday, although analysts expect caution to prevail due to worries over slowing corporate earnings and sustained foreign outflows. "While there is short-term relief in the market after a sharp drop on Monday, overall weak global cues, a falling rupee, low earnings growth and foreign outflows continue to weigh on sentiment, keeping the overall outlook cautious," said Siddhartha Khemka, head of research of wealth management at Motilal Oswal Financial Services. Foreign institutional investors have sold Indian shares worth 278.92 billion rupees in January so far, hurt by the prospect of fewer U.S. rate cuts in 2025, which makes emerging markets, such as India, a less attractive investment. STOCKS TO WATCH **HDFC Asset Management posts higher net profit in December quarter ** Hathway Cable reports drop in net profit in December quarter ** Shoppers Stop posts December-quarter profit rise on festive season demand for premium goods