India’s Public Sector Banks Catch Up With Private Lenders After Four Years

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. It looks like Indian stocks are set for a modest uptick this morning, thanks to the positivity in regional markets. The favorable US inflation data overnight is being seen as making a Fed rate cut more likely. India too had some good news on that front – inflation has cooled to multi-year low, which is a silver lining amid the gloom surrounding middling corporate earnings and trade tensions with the US. Key earnings to watch include Indian Railway Catering, United Spirits and Bharat Petroleum Corp.