Indian shares were set to open lower on Monday on weakness in sentiment due to lacklustre fourth-quarter earnings from the top two IT firms and rising odds of a U.S. Federal Reserve rate hike in May.
a nearly 20% year-on-year rise in net profit in the March quarter, aided by healthy net interest income and robust loan growth.
Global equities remained subdued on rising odds of a 25-basis point Fed rate hike in May after data showed resilience in core U.S. retail sales.A rise in crude prices is a negative for oil-importing countries like India, where the commodity constitutes a significant share of the import bill.2.22 billion Indian Rupees worth of equities on Thursday.logging its third consecutive gain on Thursday.
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