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Indian shares poised for muted start, TCS kicks off earnings season
Indian shares were likely to open slightly lower on Thursday, extending losses from the previous session after the central bank delivered a hawkish rate hike, while rising oil prices added to inflation worries. Investors will also watch Tata Consultancy Services, India’s biggest software exporter, as it starts the September-quarter earnings season for large companies. GIFT Nifty futures were at 22,600.5, as of 7:47 a.m. IST, indicating a weaker start for the benchmark Nifty 50 index, which closed at 22,603.05 on Wednesday. The Reserve Bank of India raised its benchmark repo rate by 25 bas...
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