Indian shares poised for muted start, TCS kicks off earnings season

AI Market Summary
Indian equities signal a softer open after the RBI's surprise 25 bp hike to 5.5% and a shift to "calibrated tightening", raising the risk of further rate increases and extending pressure on risk appetite and foreign flows. Brent crude above $101 adds to inflation concerns, reinforcing tighter-for-longer narratives across Asia as sovereign bond markets remain strained. Attention also turns to TCS as earnings season begins.
Impact level
● Medium
Affected assets
NCSIKOSPI2USD/USDT-2.46%
AI Insight · NCSIKOSPI2USD/USDTAI Insight
▼ Bearish
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Indian shares were likely to open slightly lower on Thursday, extending losses from the previous session after the central bank delivered a hawkish rate hike, while rising oil prices added to...