In the early hours of Friday, January 17, 2025, the Indian stock market is set for a potentially mixed opening, influenced by a combination of global cues and domestic earnings reports. Here are 10 key developments that occurred overnight:
1. GIFT Nifty indicates a lower start for...
In the early hours of Friday, January 17, 2025, the Indian stock market is set for a potentially mixed opening, influenced by a combination of global cues and domestic earnings reports. Here are 10 key developments that occurred overnight:
1. GIFT Nifty indicates a lower start for Indian equity indices BSE Sensex and NSE Nifty 50.
2. Asian markets opened on a mixed note, with Japan's Nikkei 225 down 1.11% and South Korea's Kospi falling 0.32%.
3. Wall Street closed lower on Thursday, with the S&P 500 down 0.21%, Nasdaq Composite dipping 0.89%, and Dow Jones Industrial Average falling 0.16%.
4. Infosys ADR plunged 6% to $21.515 on the New York Stock Exchange, despite raising its FY25 revenue growth guidance to 4.5%-5%.
5. Reliance Industries reported a 7% year-on-year increase in Q3 profit to Rs 18,540 crore.
6. Infosys Q3 results showed an 11.4% rise in net profit to Rs 6,806 crore and a 7.6% increase in revenue to Rs 41,764 crore.
7. LTIMindtree and Axis Bank Q3 results are expected to impact their stock prices.
8. Several companies, including Wipro, Tech Mahindra, and SBI Life Insurance, are set to report their quarterly earnings today.
9. Other stocks in focus include BPCL, Havells, AstraZeneca, and Power Finance Corp.
10. The NSE Nifty 50 closed 2,965.55 points away from its record high of 26,277.35 in the previous session.
Investors will closely monitor these developments as they navigate the market opening, with particular attention to the performance of IT and banking sectors following recent earnings reports.In the early hours of Friday, January 17, 2025, the Indian stock market is set for a potentially mixed opening, influenced by a combination of global cues and domestic earnings reports. Here are 10 key developments that occurred overnight:
In the early hours of Friday, January 17, 2025, the Indian stock market is set for a potentially mixed opening, influenced by a combination of global cues and domestic earnings reports. Here are 10 key developments that occurred overnight:
2. Asian markets opened on a mixed note, with Japan's Nikkei 225 down 1.11% and South Korea's Kospi falling 0.32%.
3. Wall Street closed lower on Thursday, with the S&P 500 down 0.21%, Nasdaq Composite dipping 0.89%, and Dow Jones Industrial Average falling 0.16%.
4. Infosys ADR plunged 6% to $21.515 on the New York Stock Exchange, despite raising its FY25 revenue growth guidance to 4.5%-5%.
5. Reliance Industries reported a 7% year-on-year increase in Q3 profit to Rs 18,540 crore.
6. Infosys Q3 results showed an 11.4% rise in net profit to Rs 6,806 crore and a 7.6% increase in revenue to Rs 41,764 crore.
7. LTIMindtree and Axis Bank Q3 results are expected to impact their stock prices.
8. Several companies, including Wipro, Tech Mahindra, and SBI Life Insurance, are set to report their quarterly earnings today.
9. Other stocks in focus include BPCL, Havells, AstraZeneca, and Power Finance Corp.
10. The NSE Nifty 50 closed 2,965.55 points away from its record high of 26,277.35 in the previous session.
Investors will closely monitor these developments as they navigate the market opening, with particular attention to the performance of IT and banking sectors following recent earnings reports.
Source: CNBCTV18, BUSINESS STANDARD, ECONOMIC TIMES