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Stock impact report

Indian shares set to open higher tracking Asian peers [Reuters]

Dr. Reddy's Laboratories Ltd (RDY) 
US:NYSE Investor Relations: drreddys.com/investors
Company Research Source: Reuters
The Gift Nifty was trading at 22,124 as of 8:07 a.m. IST, indicating that the Nifty 50 (.NSEI) , opens new tab will open above Friday's close of 22,096.75. Asian markets opened higher, with the MSCI ex-Japan (.MIAPJ0000PUS) , opens new tab advancing 0.3%, after dropping 1.1% in the last two sessions. Wall Street equities closed lower overnight, after logging the best week in 2024 so far on Friday, as investors braced themselves for U.S. inflation data due later in the week and as a Federal Reserve-driven rally came to a pause. India's blue-chip indexes Nifty 50 and BSE Sensex (.BSESN) , opens new tab gained about 0.3% each last week. The small- (.NIFSMCP100) , opens new tab and mid-caps (.NIFMDCP100) , opens new tab also added about 1.4% each despite valuation concerns. With concerns regarding inflated valuations in small- and mid-cap stocks persisting, large-caps are expected to outperform in the medium term, said Vinod Nair, head of research at Geojit Financial Services. Show less Read more
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