Indian shares set to open higher as investors await earnings season
Hindustan TimesIndian shares are set to open marginally higher on Friday, with analysts expecting the benchmarks to witness incremental moves in the absence of major triggers as the year comes to an end. "With no major triggers in the near term, markets are likely to trade near current levels while investors await December quarter earnings season, which will be the next significant factor shaping the market's trajectory," said Siddhartha Khemka, head of research of wealth management at Motilal Oswal Financial Services. Foreign institutional investors sold Indian shares for the eighth session in a row on Thursday, offloading stocks worth 23.77 billion rupees on a net basis. STOCKS TO WATCH *Dixon Technologies signs deal with Cellecor Gadgets for manufacturing refrigerators and related components *Paradeep Phosphates resumes production at ammonia and urea plants in Goa *Gujarat Fluorochemicals approves slump sale of power undertaking for 2 billion rupees *Puravankara receives an administrative warning from India's markets regulator