Indian stock markets opened little higher on Thursday ahead of the blue-chip third-quarter earnings of companies such as Tata Consultancy Services and IndusInd Bank.
Indian stock markets opened little higher on Thursday ahead of the blue-chip third-quarter earnings of companies such as Tata Consultancy Services and IndusInd Bank. The early indicator of NSE Nifty was trading little changed, down 0.12% at 10,625.5 on the Singapore Stock Exchange. Shares of TCS and IndusInd Bank will be closely watched as both the firms are all set to release their respective Q3 earnings report card. Meanwhile, shares of 5Paisa Capital, Bajaj Corporation, Hindustan Media Ventures, Shree Cement, and Sintex Plastics Technologies will be in radar ahead of Q3 earnings.
These stocks will be in focus today
Tata Chemicals: Tata Chemicals has received approval from majority shareholders for sale of its Haldia fertiliser unit in West Bengal to Netherlands-based Indorama Holdings BV for Rs 375 crore.
Maruti Suzuki India: India’s largest carmaker Maruti Suzuki India have hiked prices of vehicles across models to partially offset the rise in input costs. Maruti Suzuki said in a statement that the increase in prices of its vehicles will range from Rs 1,700 to Rs 17,000.
The Indian Rupee on Wednesday: Reversing its two-session steep fall, the rupee bounced back to end higher by 11 paise at 63.60 against the US dollar.
Indian stock markets on Wednesday
Indian stock markets dropped marginally on Wednesday to close in negative territory after making all-new record highs in the opening session following a little caution ahead of the major corporate earnings beginning today with companies such as Tata Consultancy Services and IndusInd Bank. BSE Sensex shed 10.12 points or 0.03% to settle at 34,433.07 while NSE Nifty lost 4.8 points or 0.05% to conclude at 10,632.2. The domestic stock markets started on a positive note for the sixth straight day on Wednesday on the back of value buying. The benchmark Sensex rose as much as 122.44 points to hit a fresh record high of 34,565.63 while the wider share indicator Nifty jumped 18.5 points to hit a fresh lifetime peak at 10,655.5.
US stock markets on Wednesday
The three major US stock indexes ended lower on Wednesday after a choppy trading session as investors worried that China would slow US government bond purchases that US President Donald Trump would end a key trade agreement, Reuters said in a report. The S&P and the Nasdaq snapped a six-day rally after Bloomberg reported that China, the world’s biggest holder of US Treasuries, could slow or stop buying the government bonds, Reuters added. The report sent Treasury yields to a 10-month high. The Dow Jones Industrial Average fell 16.67 points, or 0.07 percent, to 25,369.13, the S&P 500 lost 3.06 points, or 0.11 percent, to 2,748.23 and the Nasdaq Composite dropped 10.01 points, or 0.14 percent, to 7,153.57.