The GIFT Nifty indicates that the BSE Sensex and NSE Nifty 50 are likely to open higher on Thursday, January 16.
Indian equity markets wrapped up the January 15 trading session on a positive note, showcasing steady gains. The BSE Sensex climbed 0.29% to close at 76,724.08, while the NSE Nifty 50 edged up by 0.16% to settle at 23,213.20.
Top cues to watch on January 16, 2025 Q3FY25 earnings
The Indian stock market is abuzz with activity as companies across various sectors release their financial results for the quarter ending December 2024, marking the third quarter of FY25. From IT giants and financial institutions to consumer goods companies and emerging startups, t earnings reports are closely watched by investors, analysts, and market enthusiasts.
Infosys Q3FY25 Earnings: What to watch
Infosys, a key player in the IT sector, is set to release its Q3FY25 earnings today. Investors will closely monitor the company’s revenue growth, margin performance, and any revisions to its FY25 guidance. With global macroeconomic headwinds persisting, Infosys’ performance in this quarter will be one of the key focus today in the market.
Also Read: Stock in Focus: Infosys, Reliance Industries, L&T Tech, Adani Green Energy, Exide Industries, Swiggy, RBL Bank, GAIL and more
Reliance Industries Q3FY25 earnings
Reliance Industries, India’s largest company by market capitalisation, will announce its Q3FY25 earnings today. Market participants will focus on its refining margins, retail segment growth, and updates from its telecom arm, Jio.
Wall Street
US indices closed Wednesday on a higher note. The S&P 500 closed the session 1.83% higher at 5,949.84. The technology-heavy Nasdaq Composite surged 2.45% to close the session at 19,173.6519,510.62. The 30-stock Dow Jones Industrial Average up 101.67 points or 1.24% at 43,325.23.
Key U.S. Economic Data
The US Consumer Price Index (CPI) recorded a seasonally adjusted monthly increase of 0.4%, bringing the annual inflation rate to 2.9%, aligning with market expectations.
Meanwhile, the core CPI, which excludes volatile items like food and energy, showed an annual growth rate of 3.2%. This marks a slight decline compared to the previous month and came in marginally lower than the projected 3.3%. On a monthly basis, core inflation rose by 0.2%, which was 0.1% less than anticipated.
Asian Markets
Asia-Pacific markets were trading on a higher note on Thursday.
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