Thursday's top brokerage calls: Morgan Stanley and Antique Broking on real estate

Indian shares are likely to open lower on Thursday, tracking weak Asian stocks, as intensifying US-China frictions are likely to weigh on investor sentiment. On Wednesday, Indian benchmark indices the Sensex and the Nifty50 ended lower due to heavy losses in metals, energy, banking and auto stocks. Among brokerages, Morgan Stanley is positive on Oberoi Realty and Cement sector but bearish on RBL Bank, while, Credit Suisse has maintained 'outperform' on IndiGo. Here are the top brokerage calls for Thursday:

Indian shares are likely to open lower on Thursday, tracking weak Asian stocks, as intensifying US-China frictions are likely to...

Indian shares are likely to open lower on Thursday, tracking weak Asian stocks, as intensifying US-China frictions are likely to weigh on investor sentiment. However, losses are likely to be limited, with the government announcing a big relief on the FDI norms, by allowing 100 percent foreign investment in contract manufacturing and coal mining, and also easing sourcing norms for single-brand retailers. At 7:00 AM, the SGX Nifty futures traded 0.20 percent lower at 11,026.

US crude oil inventories fell last week by 10 million barrels, compared with analysts' expectations for a decrease of 2.1 million barrels, as imports slowed, the Energy Information Administration said.