In key earnings today, Tata Power will report its numbers and according to a CNBC-TV18 poll, net sales may come in at Rs 8,875 crores, profits are seen at Rs 91 crores versus a reported loss of Rs145 crores.
Although India remains one of the best games amongst emerging markets, incremental outflows can be seen flowing into north Asia, specifically China and Korea in near-term, says Manishi Raychaudhuri of BNP Paribas.
Perry Warjiyo, deputy governor of Bank Indonesia, told CNBC that its 50 basis point interest rate hike on Thursday, which comes after a 25 basis point increase in June and takes the benchmark rate to 6.5 percent, was meant to send a bold message to the financial markets.