Indian shares seen lower on weak Asia, Mumbai blasts
Source:http://www.reuters.com/article/2011/07/14/india-markets-idUSL3E7IE0AT20110714
MUMBAI, July 14 (Reuters) - Indian shares are set to open lower on Thursday, weighed down by losses in most other major Asian markets after Moody's warned the United States may lose its top-notch credit rating in the coming weeks.
Investors would also remain wary after three bombs rocked crowded districts of Mumbai on Wednesday evening, killing atleast 21 people in the biggest militant attack on India's financial capital since 2008.
"We could see the market opening a bit weaker but that will be more due to global cues," said Ambareesh Baliga, chief operating officer at Way2Wealth Securities.
Investors would also remain wary after three bombs rocked crowded districts of Mumbai on Wednesday evening, killing atleast 21 people in the biggest militant attack on India's financial capital since 2008.
"We could see the market opening a bit weaker but that will be more due to global cues," said Ambareesh Baliga, chief operating officer at Way2Wealth Securities.
"I don't think the blasts will have a major impact on the market. We have seen this in the past."
Shares in Tata Consultancy Services , India's top software services exporter, would be watched ahead of its quarterly results scheduled to be announced after trading hours.
Traders would also be watching monthly inflation data due at 0630 GMT. India's wholesale price index probably rose 9.70 percent in June from a year earlier, quickening from May, on rising food and fuel prices, a Reuters poll showed.
Shares in Tata Consultancy Services , India's top software services exporter, would be watched ahead of its quarterly results scheduled to be announced after trading hours.
Traders would also be watching monthly inflation data due at 0630 GMT. India's wholesale price index probably rose 9.70 percent in June from a year earlier, quickening from May, on rising food and fuel prices, a Reuters poll showed.
Source:http://www.reuters.com/article/2011/07/14/india-markets-idUSL3E7IE0AT20110714
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