GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a lower start on Friday following Asian markets opening on a mixed note in early trade hours.
Previously, on Thursday, the NSE Nifty 50 closed the session 98.60 points or 0.42% higher at 23,311.80, while the BSE Sensex closed 318.74 points or 0.42% higher at 77,042.82.
Key global and domestic cues to know on January 17, 2024 Infosys ADR slips 6%
Infosys ADR slumped 6% to $21.515 on the New York Stock Exchange even after the company hiked its FY25 revenue growth guidance for the third straight quarter to 4.5%-5%. Infosys reported a growth of 11.4% in the net profit standing at Rs 6,806 crore, compared to Rs 6,106 crore in the year-ago period. For the reporting quarter, its revenue came at Rs 41,764 crore, up 7.6% year-on-year (YoY).
Asian markets
Asia markets were trading on a mixed note on Friday Japan’s Nikkei 225 was trading 1.11% lower at 38,145. South Korea’s Kospi fell 0.32% to trade at 2,519.35. The Asia Dow was trading 0.54% higher at 3,683.30. The Chinese benchmark index Shanghai Composite was trading flat at 3,235.96.
Wall Street
US indices closed Friday on a lower note dragged by tech stocks. The S&P 500 closed the session 0.21% lower at 5,937.34. The technology-heavy Nasdaq Composite dipped 0.89% to close the session at 19,338.29. The 30-stock Dow Jones Industrial Average fell 68.42 points or 0.16% to close at 43,153.13.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.01% at 108.95 on Friday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. Also, the Indian rupee closed at 86.55 against the US Dollar on Thursday.
Crude oil
WTI crude prices were trading at $79.02 up by 0.43%, while Brent crude prices were trading at $81.47 up by 0.22%, on Friday morning.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares net worth Rs 2,928.72 crore. Meanwhile, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 4,341.95 crore on January 16,
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