Markets expect a cautious start with Infy nos in focus

The Indian stock markets are expected to start the trading on a cautious note as IT bellwether Infosys is set to kick start Q3 earnings season. SGX Nifty is trading 14.50 points lower.

Events for the day:

Exports-Imports YoY data

Index for industrial Production data for November 2013

Infosys and IndusInd Bank to kickstart Q3 season

Headlines for the day:

  • Tata Power launches Rs1.5 lakh solar invertor
  • RBI eases foreign direct investment rules
  • Zydus Cadila gets FDA nod to market two drugs
  • Coal India appeals against CCI’s Rs1,773 crore penalty order

Indian Indices:

The Indian stock markets are expected to start the trading on a cautious note as IT bellwether Infosys is set to kick start Q3 earnings season. SGX Nifty is trading 14.50 points lower.

Markets are expected to remain volatile ahead of the November Index Industrial Production (IIP) data today. Investors were also keep check on IT stocks as Infosys dropped ahead of its October-December earnings results today.

On Thursday (January 09, 2013), the S&P BSE Se nsex fell 16.01 points to close at 20713.37 while Nifty slipped 6.25 points to end at 6168.35.

Global Indices:

Asian share markets stayed soggy on Friday after Chinese trade data proved to be a mixed bag, leaving investors with little incentive to take positions ahead of the U.S. jobs report.

The U.S. dollar eased from a seven-week high early on Friday as investors booked some profits ahead of the keenly awaited U.S. jobs report, helping lift the euro that was briefly u nsettled by dovish comments from the European Central Bank.

European shares closed lower on Thursday, hit by a warning over France’s debt that weighed on the Paris bourse and by a dip in U.S. stocks, which edged back from record highs.

SGX Nifty

sgxnifty.org@imediaone.com

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