Indian shares off to a muted start as Middle East concerns weigh
Updates at 9:24 a.m. IST
Oct 8 (Reuters) -Indian shares opened little changed on Tuesday as caution prevailed amid a deepening Middle East conflict, while investors await localquarterly earnings and a monetary policy decisionby the Reserve Bank of India (RBI).
The Nifty 50 index .NSEI was up 0.01% at 24,797 points as of 9:24 a.m. IST, while the S&P BSE Sensex .BSESN added 0.05% to 81,080.54.
Both the benchmark indexes have logged losses in the last sixconsecutive sessions, their longest daily losing streak in a year, after escalating MiddleEast war fears sappedrisk appetite and as foreign investors withdrew funds, focusing onChina instead.
Foreign institutional investors (FII) were net sellers for a sixth session straight on Monday, offloading shares worth $6 billion over the period.
Other Asian markets opened lower, with the MSCI Asia ex-Japan index .MIAPJ0000PUS shedding 1.9%. Wall Street equities closed lower overnight.MKTS/GLOB
"Domestic markets have been experiencing significant profit-booking recently, alongside a large sell-off by foreign investors. This has unsettled investor sentiment, creating a more cautious and risk-averse atmosphere," said Narendra Solanki, head of fundamental research of investment services at Anand Rathi Shares and Stock Brokers.
Commentary by the RBI on Wednesday and the corporate earnings season starting later this weekwill be key triggers that will likely influence thetrajectory of markets in the near term, analysts said.
Nine of the 13 major sectors declined on the day. The broader, more domestically focussed small- .NIFSMCP100 and mid-caps .NIFMDCP100 lost about 0.5% each.
Automaker Mahindra and Mahindra MAHM.NS rose 1.6% after CLSA upgraded the stock to "outperform" from "hold", citing gains from improved scale, superior product mix and better pricing power in sports utility vehicles (SUVs). The stock was the top Nifty 50 gainer by percentage.
Tata Motors TAMO.NS lost 3.2% after its unit JLR's September-quarter retail sales fell 3% year-on-year. It was the top Nifty 50 loser by percentage.
Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sherry Jacob-Phillips, Mrigank Dhaniwala and Sonia Cheema
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
