SGX Nifty Indicates Flat Start; Infosys, Wipro, SAIL In Focus

January 14, 2021 0 By boss

Good Morning!

The Sensex remains 500 points shy of scaling 50,000 as Indian equities ended flat on Wednesday.

The Nifty Bank ended at a record high despite selling pressure in Reliance Industries Ltd., HDFC Ltd., and Bajaj Finance Ltd.

Futures are indicating a subdued start to the weekly options expiry session today. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.2% to 14,600 as of 7:40 a.m. on Thursday.

Stocks like Infosys, Wipro, 5Paisa Capital and GTPL Hathway may react to their quarterly results reported after market hours on Wednesday. Non-Nifty 50 firms like RIIL, Den Networks and Tata Steel Long Products will report their results today.

Japanese markets are outperforming this morning, while other equities across the Asia-Pacific are mixed. The treasury yields are showing signs of stabilising after the recent retreat.

Futures on the Dow Jones are currently trading with gains of 80 points. The index ended flat on Wednesday, while the Nasdaq outperformed, courtesy gains in IT stocks.

West Texas Intermediate crude was off the day’s low, down 0.1% at $52.86 per barrel, while gold rose 0.3% to $1,849/Oz.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.

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