INDIA STOCKS-Indian shares set for muted start ahead of Trump's second presidency

Jan 20 (Reuters) - Indian shares are poised for a subdued start on Monday, as investor concerns over U.S. policy framework under President-elect Donald Trump and worries over moderation in domestic corporate earnings weighed on sentiment.

The GIFT Nifty futures GIFc1 were trading at 23,285, as of 7:48 a.m. IST, indicating that the blue-chip Nifty 50 .NSEI will open near Friday's close of 23,203.2.

Both benchmark indexes - Nifty 50 and BSE Sensex .BSESN - lost about 1% each last week, dragged down by concerns over earnings growth in IT companies for the current quarter and persistent foreign outflows from domestic equities.

Concerns over slowing earnings growth are also contributing to the risk-off sentiment in domestic equities, according to two analysts.

The rupee logged its worst week in 18 months, weighed down by foreign portfolio investor outflows worth $6.4 billion from stocks and bonds so far in January.

The dollar remained firm ahead of Donald Trump taking oath as U.S. president later in the day.

Other Asian markets opened higher, while the U.S. markets will be closed on Monday for the Martin Luther King Jr. holiday. MKTS/GLOB

STOCKS TO WATCH

** IT company Tech Mahindra TEML.NS misses December-quarter revenue estimates on weak demand in telecom segment

** IT company Wipro WIPR.NS beats third-quarter profit and revenue estimates

** Private lender Kotak Mahindra Bank's KTKM.NS December-quarter profit rises 10% on higher lending income

** Private lender RBL Bank RATB.NS posts drop in net profit in third quarter

($1 = 86.5230 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sherry Jacob-Phillips)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))