AIRLINK 174.95 Decreased By ▼ -2.61 (-1.47%)
BOP 11.10 Increased By ▲ 0.05 (0.45%)
CNERGY 8.30 Increased By ▲ 0.13 (1.59%)
FCCL 47.40 Increased By ▲ 0.08 (0.17%)
FFL 16.03 Decreased By ▼ -0.09 (-0.56%)
FLYNG 27.15 Decreased By ▼ -0.20 (-0.73%)
HUBC 142.50 Decreased By ▼ -4.41 (-3%)
HUMNL 13.60 Increased By ▲ 0.09 (0.67%)
KEL 4.47 Decreased By ▼ -0.03 (-0.67%)
KOSM 5.90 Decreased By ▼ -0.01 (-0.17%)
MLCF 62.00 Decreased By ▼ -0.02 (-0.03%)
OGDC 228.00 Decreased By ▼ -6.68 (-2.85%)
PACE 5.80 No Change ▼ 0.00 (0%)
PAEL 45.05 Decreased By ▼ -1.36 (-2.93%)
PIAHCLA 17.90 Decreased By ▼ -0.22 (-1.21%)
PIBTL 10.50 Decreased By ▼ -0.07 (-0.66%)
POWER 12.02 Increased By ▲ 0.03 (0.25%)
PPL 187.00 Decreased By ▼ -4.80 (-2.5%)
PRL 37.65 Increased By ▲ 0.33 (0.88%)
PTC 23.81 Increased By ▲ 0.61 (2.63%)
SEARL 100.77 Decreased By ▼ -0.12 (-0.12%)
SSGC 38.90 Decreased By ▼ -0.81 (-2.04%)
SYM 14.80 Decreased By ▼ -0.23 (-1.53%)
TELE 7.80 Decreased By ▼ -0.04 (-0.51%)
TPLP 11.05 Decreased By ▼ -0.06 (-0.54%)
TRG 66.01 Decreased By ▼ -1.28 (-1.9%)
WAVESAPP 11.00 Decreased By ▼ -0.35 (-3.08%)
WTL 1.35 Decreased By ▼ -0.01 (-0.74%)
YOUW 3.76 Decreased By ▼ -0.01 (-0.27%)
BR100 12,812 Increased By 5 (0.04%)
BR30 38,918 Decreased By -785.6 (-1.98%)
KSE100 119,019 Increased By 80.8 (0.07%)
KSE30 36,832 Increased By 75.8 (0.21%)

Indian shares are poised for a subdued start on Monday, as investor concerns over U.S. policy framework under President-elect Donald Trump and worries over moderation in domestic corporate earnings weighed on sentiment.

The GIFT Nifty futures were trading at 23,285, as of 7:48 a.m. IST, indicating that the blue-chip Nifty 50 will open near Friday’s close of 23,203.2.

Both benchmark indexes - Nifty 50 and BSE Sensex - lost about 1% each last week, dragged down by concerns over earnings growth in IT companies for the current quarter and persistent foreign outflows from domestic equities.

Concerns over slowing earnings growth are also contributing to the risk-off sentiment in domestic equities, according to two analysts.

IT stocks drags Indian equity benchmarks to weekly losses

The rupee logged its worst week in 18 months, weighed down by foreign portfolio investor outflows worth $6.4 billion from stocks and bonds so far in January.

The dollar remained firm ahead of Donald Trump taking oath as U.S. president later in the day.

Other Asian markets opened higher, while the U.S. markets will be closed on Monday for the Martin Luther King Jr. holiday.

Comments

200 characters