Investors also await consumer inflation and industrial production data, due to be released after market hours. India's consumer inflation likely eased in March to 5.80%, dipping below the Reserve Bank of India's upper tolerance limit for the first time in 2023, according to a Reuters poll.
Wall Street equities were mostly higher ahead of consumer price index data for March and minutes of the Fed's latest policy meeting. Asian markets remained subdued. Meanwhile, foreign investors extended their buying streak to the eighth session in a row on Tuesday, adding 3.43 billion rupees ($41.8 million) worth of equities. The rise in Nifty 50 over the last seven days has been supported by consistent buying by foreign institutional investors, according to analysts.
Stocks to Watch:
** Delta Corp : Co reports 6.4% YoY growth in
consolidated net profit in March quarter to 511.7 million
Rupees, recommends a final dividend of 1.25 rupees per share.
** Sula Vineyards : Co sees 15% YoY growth in sales
of own brands in Q4 at 1.04 billion Rupees.
** Titagarh Wagons : Consortium of Bharat Heavy
Electricals and co awarded an order for 80 Vande
Bharat trainsets by Indian Railways.
** Paras Defence : Co's unit enters into a MoU with
Spacekawa Explorations, for indigeneous development of space
intelligence, surveillance, reconnaissance (ISR) payloads. ($1 = 82.0400 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia
Cheema)
