-It’s an earnings heavy day today with Infosys, Reliance Industries, Axis Bank and LTI Mindtree set to report third quarter results. These earnings could provide directional cues for the market.
-Today’s session will also include the weekly expiry of Nifty 50 options contracts. Additionally, stocks like L&T Technology Services (LTTS), HDFC Life, and Transrail Lighting are expected to react to their quarterly results announced after market hours on Wednesday.
-After Nifty managed to hold above the 23,200 level despite the volatility in the market yesterday, Ajit Mishra of Religare Broking said that the market seems to be pausing as recovery attempts face resistance, though select heavyweight stocks are limiting the downside.
-This morning, the GIFT Nifty was higher, trading at a premium of more than 100 pts from Nifty Futures Wednesday close, indicating a gap-up start for the Indian market.
-On the global front, the US CPI data (released on Wednesday) and the US retail sales data due today are expected to act as significant triggers, alongside ongoing Q3 earnings announcements.
-Shares in Asia followed Wall Street higher as easing US core inflation kept alive the prospect of Federal Reserve rate cuts this year. Benchmarks in Australia, Japan and South Korea all notched gains. The S&P 500 closed Wednesday 1.8% higher, the benchmark’s best day since the November election, which erased its 2025 decline. The tech-heavy Nasdaq 100 climbed 2.3%.
-Oil extended a powerful early-year advance on mounting risks to global supplies, and as commercial crude inventories in the US posted their longest run of declines since 2021. Gold slipped after climbing in the previous two sessions.
Tune in to the Marketbuzz Podcast for more cues
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