Indian Indices:
Market may edge higher in early trade tracking positive global cues. SGX Nifty is trading 26.50 points higher.
Nifty50 futures charts on the Singapore Stock Exchange indicate an upward trajectory ahead while investors would also digest President-elect Donald Trump's first news conference on the policies to be pursued by his government.
TCS will remain in focus as the country’s largest software exporter would unveil its third quarter earnings report today. On the economy front, Reserve Bank of India (RBI) Governor Urjit Patel warned against steep interest rate subvention.
Indian shares ended with gains for a second straight session on Wednesday, after hitting a two-month high, tracking Asian peers ahead of U.S. President-elect Donald Trump's news conference later in the day in which he will outline his policies. The S&P BSE Sensex and the CNX Nifty gained 0.90%-1.11% each.
Global Market:
Asian shares traded mixed following a choppy session in the US with stocks ending higher after President-elect Donald Trump held a raucous and freewheeling press conference that analysts said was sparse on economic policy details.
European shares ended off highs on Wednesday as pharma stocks turned lower on worries over pricing pressure in the U.S. following remarks by Donald Trump in his first news conference.
Key data to watch in US today is EIA Petroleum Status Report. Key data to watch in US today are Jobless Claims and Import and Export Prices.
Major Headlines of the day:
MCX inks MoU with Gujarat for business continuity facility.
Mercator approves opening QIP Jan. 11, floor price of Rs42.80
AstraZeneca Gets US FDA Nod For Xigduo XR Tablets
Trend in FII flows: The FIIs were net buyers of Rs -627.30in the cash segment on Wednesday while the DIIs were net sellers of Rs 1,116.15 as per the provisional figures.
UPCOMING RESULTS:TCS, BAJAJ CORP, CYIENT, ZEE LEARN
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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