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Indian Shares Set To Follow Asian Peers Lower

(RTTNews) - Indian shares may open lower Friday amid lingering uncertainty surrounding the U.S. presidential election and increasing risks to global economic growth.

Investors will also react to the latest quarterly earnings reports from the likes of Maruti Suzuki India, Vodafone Idea and Tata Chemicals.

Market heavyweight Reliance Industries, IndusInd Bank, Indian Oil Corporation and DLF are among the prominent companies that will unveil their quarterly earnings later today.

Benchmark indexes Sensex and the Nifty dropped around half a percent on Thursday to extend losses for the second day running amid weak global cues and the expiry of monthly derivative contracts.

Asian stocks are moving lower this morning despite Google parent Alphabet, Amazon.com Inc, Apple Inc and Facebook Inc all posting encouraging quarterly results. Amazon reported a second straight quarter of record profits.
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