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Stock impact report

Indian shares set to open lower on fading US rate cut hopes [Reuters]

Dr. Reddy's Laboratories Ltd (RDY) 
US:NYSE Investor Relations: drreddys.com/investors
Company Research Source: Reuters
cuts, while focus turns to the domestic earnings season with Tata Consultancy Services (TCS.NS) New Tab , opens new tab set to report later in the day. India's GIFT Nifty was trading at 22,679 as of 8:22 a.m. IST, indicating that the Nifty 50 (.NSEI) New Tab , opens new tab will open below its Wednesday's record close of 22,753.80. Indian markets were closed for a holiday on Thursday. Asian markets opened lower on Friday, extending their fall after hot U.S. consumer price inflation data hurt expectations of early Fed rate cuts. Markets, which had expected a rate cut in June, are now pricing in a pause in both June and July policy meetings, according to the CMEGroup's FedWatch Tool New Tab , opens new tab India's benchmarks logged all-time closing highs on Wednesday , with the S&P BSE Sensex (.BSESN) New Tab , opens new tab settling above 75,000 levels for the first time. IT stocks will be in focus, as the March quarter earnings kick off with the country's top softw Show less Read more
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