Tracking weak cues across most of the Asian markets, the Indian benchmark indices are likely to witness negative opening on Friday. Further direction of the markets will depend upon the corporate quarterly earnings that are due to be announced today. Index heavyweight Reliance Industries is set to post its fourth quarter numbers later today.
Overnight, the US stocks ended marginally lower as investors turned cautious of the earnings session. Among the Asian markets, Japan’s Nikkei 225 and Taiwan Index were trading in red, down by 100 and 71 points, respectively in the early trading session. However, some of the losses were pared by China’s Shanghai Composite and Hong Kong’s Hang Seng, which were trading up by 74 and 94 points respectively.
Overnight, the US stocks ended marginally lower as investors turned cautious of the earnings session. Among the Asian markets, Japan’s Nikkei 225 and Taiwan Index were trading in red, down by 100 and 71 points, respectively in the early trading session. However, some of the losses were pared by China’s Shanghai Composite and Hong Kong’s Hang Seng, which were trading up by 74 and 94 points respectively.
