GIFT Nifty trades marginally lower signaling a flat open for Indian indices, while Asian markets show mixed trends ahead of key global data. Bharat Coking Coal's Rs 1,071 crore IPO opens today as the year's first mainboard offering, drawing investor focus on PSUs. Markets eye US payrolls and China inflation for cues.
Indian equity benchmarks face a subdued start with GIFT Nifty futures down around 20-30 points near 26,000, reflecting caution after Thursday's declines where Nifty closed at 25,876. Asian peers trade mixed: Japan's Nikkei up 0.54%, South Korea's Kospi down 0.41%, and Australia's ASX flat amid China CPI anticipation. US futures remain steady post mixed Wall Street session.
Key Highlights
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GIFT Nifty at ~26,000, hinting flat open for Sensex-Nifty
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Bharat Coking Coal IPO: Rs 21-23 price band, opens Jan 9-13, OFS of 46.57 cr shares
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GMP ~50%, min lot 600 shares (Rs 13,800 upper end)
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Coal India subsidiary eyes washery expansion, CBM amid steel demand
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Global watch: US jobs data, China inflation today
Sources: Business Standard, Financial Express, Economic Times