Indian Stock Market Is Catching Russia’s Eye

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 Alex Gabriel Simon, an equities reporter in Mumbai. Nifty futures point to a cautious start for local equities this morning after the benchmark index snapped a four-day slide on Thursday to hop back above 26,000. There was some respite for the rupee as well, and traders will be closely watching the RBI governor’s comments on the currency at the policy call today. Also in the spotlight will be the usual rate-sensitive corners of the market: banks, autos and developers. And to keep things interesting, Russian President Vladimir Putin is meeting Prime Minister Narendra Modi in New Delhi today. What comes out of that discussion might even influence India’s long-awaited trade deal with the US. Meanwhile, regional markets are down ahead of a key US inflation data release.